goeasy (TSE:GSY) Stock Gets Downgrade from Desjardins

goeasy (TSE:GSY) was downgraded by Desjardins from a “buy” rating to a “hold” rating in a research note issued on Wednesday, BayStreet reports. They presently have a C$44.00 price target on the stock, down from their prior price target of C$56.00. Desjardins‘s price target indicates a potential upside of 18.31% from the stock’s current price.

Several other equities analysts have also commented on GSY. ATB Cormark Capital Markets lowered 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. Raymond James Financial raised their price objective on goeasy from C$42.00 to C$45.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 21st. National Bank Financial boosted their price objective 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. Jefferies Financial Group upped their target price on shares of goeasy from C$45.00 to C$51.00 in a research report on Monday, August 10th. Finally, Royal Bank Of Canada increased their target price on shares of goeasy from C$30.00 to C$35.00 in a research note on Monday, August 10th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of C$41.56.

goeasy Trading Down 17.3%

GSY stock traded down C$7.77 during midday trading on Wednesday, hitting C$37.19. 571,680 shares of the company’s stock were exchanged, compared to its average volume of 202,128. The business has a 50-day simple moving average of C$43.68 and a two-hundred day simple moving average of C$53.24. The company has a current ratio of 22.81, a quick ratio of 28.46 and a debt-to-equity ratio of 558.73. The stock has a market capitalization of C$596.30 million, a PE ratio of -1.78, a P/E/G ratio of 0.84 and a beta of 1.29. goeasy has a 1-year low of C$27.60 and a 1-year high of C$140.12.

Insider Buying and Selling at goeasy

In related news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$45.22, for a total value of C$44,270.38. Following the sale, the insider owned 505 shares in the company, valued at approximately C$22,836.10. The trade was a 65.97% decrease in their position. Insiders sold 4,837 shares of company stock valued at $217,486 over the last ninety days. Insiders own 22.05% of the company’s stock.

About goeasy

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.