CIBC Boosts goeasy (TSE:GSY) Price Target to C$220.00

goeasy (TSE:GSY) had its price objective upped by investment analysts at CIBC from C$200.00 to C$220.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 24.36% from the stock’s current price.

Several other research firms have also recently issued reports on GSY. Cormark increased their price objective on shares of goeasy from C$193.00 to C$200.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Raymond James increased their target price on shares of goeasy from C$166.00 to C$200.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. National Bankshares increased their target price on shares of goeasy from C$190.00 to C$195.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Scotiabank increased their target price on shares of goeasy from C$145.00 to C$170.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets increased their target price on shares of goeasy from C$187.00 to C$192.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$191.89.

goeasy Trading Up 0.5 %

goeasy stock opened at C$176.90 on Friday. The firm has a 50 day simple moving average of C$166.09 and a 200-day simple moving average of C$150.39. The company has a debt-to-equity ratio of 278.25, a current ratio of 15.62 and a quick ratio of 28.46. The stock has a market capitalization of C$2.94 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.84 and a beta of 2.03. goeasy has a 12-month low of C$87.00 and a 12-month high of C$180.10.

goeasy (TSE:GSY) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of C$3.92 by C$0.09. The business had revenue of C$338.11 million during the quarter, compared to analysts’ expectations of C$340.35 million. goeasy had a net margin of 33.21% and a return on equity of 25.77%. As a group, equities research analysts expect that goeasy will post 16.5811069 EPS for the current fiscal year.

Insider Activity at goeasy

In related news, Director David Ingram sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total value of C$4,727,400.00. 22.53% of the stock is owned by insiders.

goeasy Company Profile

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.