goeasy (TSE:GSY) Given New C$55.00 Price Target at Scotiabank

goeasy (TSE:GSY) had its price target reduced by Scotiabank from C$61.00 to C$55.00 in a report issued on Thursday morning,BayStreet.CA reports.

GSY has been the topic of a number of other reports. TD Securities lowered goeasy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$160.00 to C$135.00 in a research note on Monday, January 19th. Royal Bank Of Canada downgraded goeasy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. National Bank Financial lowered goeasy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. BMO Capital Markets downgraded goeasy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Raymond James Financial lowered goeasy from a “moderate buy” rating to a “hold” rating and cut their price target for the stock from C$208.00 to C$153.00 in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, goeasy presently has an average rating of “Hold” and a consensus price target of C$72.00.

goeasy Price Performance

TSE GSY opened at C$34.87 on Thursday. goeasy has a 1 year low of C$33.13 and a 1 year high of C$216.50. The company has a fifty day simple moving average of C$90.50 and a 200 day simple moving average of C$126.99. The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82. The company has a market cap of C$558.83 million, a P/E ratio of 2.54, a P/E/G ratio of 0.84 and a beta of 0.16.

goeasy (TSE:GSY) last announced its earnings results on Wednesday, April 1st. The company reported C($20.25) EPS for the quarter. The firm had revenue of C$446.40 million during the quarter. goeasy had a return on equity of 19.42% and a net margin of 14.07%. On average, sell-side analysts predict that goeasy will post 20.3207343 EPS for the current year.

More goeasy News

Here are the key news stories impacting goeasy this week:

• Positive Sentiment: Several firms still see upside after trimming targets — Desjardins cut its target to C$47 but kept a “buy” rating (≈34% upside). Article Title
• Positive Sentiment: Scotiabank trimmed its target to C$55 but still implies material upside (≈57%). Article Title
• Positive Sentiment: Raymond James lowered its target to C$50 from C$77 yet still models significant upside (≈43%). Article Title
• Neutral Sentiment: TD Securities cut its target to C$36 and moved to “hold” (minimal upside vs. current price). Article Title
• Neutral Sentiment: National Bank Financial lowered its target to C$38 (small mid‑single digit upside). Article Title Tickerreport
• Neutral Sentiment: Jefferies trimmed its target to C$39 (modest upside). Article Title
• Negative Sentiment: ATB Cormark downgraded goeasy from “speculative buy” to “sector perform” and cut its target to C$42 (rating downgrade increases negative pressure). Article Title
• Negative Sentiment: RBC lowered its target to C$33 — below the current price — signaling downside risk. Article Title
• Negative Sentiment: Reporting highlighted that Canadian banks have ~C$880M exposure to goeasy, raising counterparty/credit concerns and broader market caution. Reuters
• Negative Sentiment: goeasy reported a large Q4 loss driven by LendCare-related charges (reported ~$336.9M loss), a primary catalyst for reduced analyst targets and investor concern. MSN
• Negative Sentiment: Company Q4 release showed C($20.25) EPS on C$446.4M revenue — an earnings shock that directly pressured the share price. Press Release

goeasy Company Profile

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.