Royal Bank Of Canada Has Lowered Expectations for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its price objective reduced by investment analysts at Royal Bank Of Canada from C$33.00 to C$30.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 0.03% from the stock’s previous close.

A number of other equities analysts have also issued reports on GSY. Jefferies Financial Group lowered their target price on shares of goeasy from C$50.00 to C$39.00 in a research report on Thursday, April 2nd. ATB Cormark Capital Markets lowered shares of goeasy from a “moderate buy” rating to a “hold” rating and lowered their target price for the stock from C$85.00 to C$42.00 in a research report on Thursday, April 2nd. Raymond James Financial lowered their target price on shares of goeasy from C$46.50 to C$42.00 and set a “market perform” rating on the stock in a research report on Thursday. TD Securities lowered their target price on shares of goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Finally, Scotiabank downgraded goeasy from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$55.00 to C$39.00 in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$36.56.

goeasy Trading Up 5.2%

Shares of GSY opened at C$29.99 on Thursday. The firm has a market cap of C$480.86 million, a PE ratio of -2.78, a price-to-earnings-growth ratio of 0.84 and a beta of 1.05. The company’s 50 day simple moving average is C$39.07 and its 200-day simple moving average is C$98.15. goeasy has a 12-month low of C$27.60 and a 12-month high of C$216.50.

goeasy (TSE:GSY) last announced its earnings results on Tuesday, May 12th. The company reported C($1.90) earnings per share (EPS) for the quarter. The business had revenue of C$412.86 million for the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%. As a group, equities research analysts forecast that goeasy will post 20.3207343 EPS for the current fiscal year.

Key Stories Impacting goeasy

Here are the key news stories impacting goeasy this week:

• Positive Sentiment: Raymond James Financial assigned a new C$42.00 price target, indicating continued confidence in goeasy’s recovery potential. goeasy (TSE:GSY) Given New C$42.00 Price Target at Raymond James Financial
• Positive Sentiment: National Bank Financial set a new C$34.00 target, and Desjardins still rates the stock a “buy” despite lowering its target to C$38.00. goeasy (TSE:GSY) Given New C$34.00 Price Target at National Bank Financial goeasy (TSE:GSY) Price Target Lowered to C$38.00 at Desjardins
• Neutral Sentiment: Multiple firms reduced estimates, including BMO Capital Markets to C$36.00 and ATB Cormark to C$35.00, while RBC cut its target to C$30.00 and reiterated an “underperform” rating. goeasy (TSE:GSY) Price Target Cut to C$36.00 by Analysts at BMO Capital Markets goeasy (TSE:GSY) Price Target Lowered to C$35.00 at ATB Cormark Capital Markets goeasy (TSE:GSY) Price Target Cut to C$30.00 by Analysts at Royal Bank Of Canada
• Negative Sentiment: The broad pattern of target cuts points to analyst caution around goeasy’s near-term fundamentals, even though most revised targets remain above the current trading level.

About goeasy

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.