Mogo (TSE:MOGO) Price Target Cut to C$4.00

Mogo (TSE:MOGOGet Rating) had its price target lowered by Raymond James from C$8.00 to C$4.00 in a research note published on Friday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Eight Capital cut their price objective on shares of Mogo from C$16.00 to C$10.25 in a research note on Friday, March 25th. BTIG Research reissued a buy rating and issued a C$9.00 price target on shares of Mogo in a research note on Thursday, March 24th.

Shares of Mogo stock traded up C$0.06 on Friday, hitting C$1.46. 587,375 shares of the company’s stock traded hands, compared to its average volume of 343,625. The stock has a market cap of C$111.97 million and a P/E ratio of -2.75. The company has a quick ratio of 3.82, a current ratio of 4.17 and a debt-to-equity ratio of 37.59. The firm’s 50-day moving average is C$2.84 and its 200 day moving average is C$3.91. Mogo has a 52-week low of C$1.21 and a 52-week high of C$10.50.

Mogo Company Profile (Get Rating)

Mogo Inc operates as a financial technology company in Canada and internationally. The company provides digital solutions to the consumers to get in control of their financial health. It offers Mogo app to access a digital spending account with Mogo Visa Platinum Prepaid Card; MogoCrypto that enables the buying and selling of bitcoin; MogoProtect, a free ID fraud protection and monthly credit score monitoring; MogoMortgage, a digital mortgage experience; and MogoMoney that provides access to personal loans.

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