goeasy (TSE:GSY) Stock Gets Price Target Trim from National Bank Financial

goeasy (TSE:GSY) had its price objective decreased by National Bank Financial from C$53.00 to C$44.00 in a research report released on Thursday,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

A number of other brokerages have also recently commented on GSY. ATB Cormark Capital Markets cut goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 price target for the company. in a research report on Wednesday, July 29th. Jefferies Financial Group lifted their price target on shares of goeasy from C$45.00 to C$51.00 in a report on Monday, August 10th. Raymond James Financial upped their price target on shares of 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. Royal Bank Of Canada upped their target price on shares of goeasy from C$30.00 to C$35.00 in a report on Monday, August 10th. Finally, Desjardins lowered goeasy from a “buy” rating to a “hold” rating and cut their price target for the stock from C$56.00 to C$44.00 in a research note on Wednesday. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of C$40.33.

goeasy Stock Performance

TSE GSY traded up C$1.62 during trading hours on Thursday, hitting C$40.30. The company’s stock had a trading volume of 144,166 shares, compared to its average volume of 202,499. The company has a debt-to-equity ratio of 567.75, a current ratio of 24.16 and a quick ratio of 28.46. The company’s 50 day simple moving average is C$43.40 and its two-hundred day simple moving average is C$51.89. goeasy has a 12 month low of C$27.60 and a 12 month high of C$140.12. The company has a market cap of C$646.17 million, a P/E ratio of -1.93, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29.

goeasy (TSE:GSY) last posted its earnings results on Tuesday, November 10th. The company reported C($0.94) earnings per share for the quarter. The firm had revenue of C$371.65 million during the quarter. goeasy had a negative net margin of 24.15% and a negative return on equity of 48.47%. As a group, sell-side analysts expect that goeasy will post 20.32 EPS for the current fiscal year.

Insider Transactions at goeasy

In related news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total transaction of C$44,270.38. Following the transaction, the insider directly owned 505 shares in the company, valued at approximately C$22,836.10. This represents a 65.97% decrease in their position. Insiders sold 4,837 shares of company stock valued at $217,486 in the last ninety days. 22.05% of the stock is owned by company insiders.

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.