goeasy (TSE:GSY – Get a rating) was upgraded by Raymond James equity researchers from an “outperform” rating to a “strong buy” rating in a research report released Friday to clients and investors, BayStreet.CA reports. The company currently has a price target of C$207.00 on the stock. Raymond James’ target price indicates a potential upside of 61.21% from the company’s current price.
Several other brokerages have also recently weighed in on GSY. Scotiabank began covering goeasy shares in a research note on Monday, November 29. They issued a “holding” rating and a price target of C$206.00 on the stock. TD Securities reduced its price target on goeasy shares from C$260.00 to C$240.00 and set a “buy” rating on the stock in a Thursday, January 27 research report. One analyst gave the stock a hold rating, five gave the stock a buy rating and one gave the company’s stock a strong buy rating. Based on data from MarketBeat.com, the company has an average buy rating and consensus price target of C$213.25.
Shares of TSE GSY traded at C$0.61 midday Friday, hitting C$128.40. 52,758 shares of the company were traded, against an average volume of 80,055. The company has a quick ratio of 15.28, a current ratio of 15.34 and a leverage ratio of 209.19. goeasy has a 1-year low of C$116.07 and a 1-year high of C$218.35. The stock has a market capitalization of C$2.08 billion and a P/E ratio of 8.82. The stock’s 50-day moving average price is C$153.67 and its 200-day moving average price is C$177.97.
Company Profile (Get a rating)
goeasy ltd. provides loans and other financial services to consumers in Canada. It also rents household products to consumers. The Company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans, as well as secured savings loans; loan protection plans; and optional home and auto insurance products, which offer roadside assistance and a suite of other support services, as well as credit monitoring services.
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in goeasy right now?
Before you consider goeasy, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and goeasy wasn’t on the list.
Although goeasy currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here