goeasy Ltd. (TSE:GSY) Receives C$42.89 Average PT from Brokerages

goeasy Ltd. (TSE:GSY) has received a consensus recommendation of “Reduce” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$42.89.

Several research firms have recently commented on GSY. Royal Bank Of Canada boosted their target price on shares of goeasy from C$30.00 to C$35.00 in a report on Monday, August 10th. Jefferies Financial Group raised their target price on shares of goeasy from C$45.00 to C$51.00 in a research note on Monday, August 10th. National Bank Financial lifted their price target on shares of goeasy from C$43.00 to C$53.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. ATB Cormark Capital Markets cut shares of goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 price target on the stock. in a research note on Wednesday, July 29th. Finally, Raymond James Financial increased their price objective on shares of goeasy from C$42.00 to C$45.00 and gave the company a “market perform” rating in a report on Tuesday, July 21st.

goeasy Stock Up 0.5%

Shares of GSY opened at C$42.56 on Wednesday. The business’s 50 day moving average is C$45.73 and its 200 day moving average is C$44.04. The company has a current ratio of 22.81, a quick ratio of 28.46 and a debt-to-equity ratio of 558.73. goeasy has a 12-month low of C$27.60 and a 12-month high of C$209.70. The company has a market capitalization of C$682.41 million, a PE ratio of -2.04, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33.

goeasy (TSE:GSY) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.02 earnings per share for the quarter. goeasy had a negative return on equity of 37.13% and a negative net margin of 20.21%.The business had revenue of C$390.04 million during the quarter. Research analysts expect that goeasy will post 20.3207343 earnings per share for the current fiscal year.

Insider Activity at goeasy

In related news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$45.22, for a total transaction of C$44,270.38. Following the completion of the transaction, the insider directly owned 505 shares of the company’s stock, valued at approximately C$22,836.10. This represents a 65.97% decrease in their ownership of the stock. Insiders sold 4,340 shares of company stock valued at $196,239 in the last quarter. 22.05% of the stock is currently owned by insiders.

goeasy Company Profile

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members’ dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture.