BMO Capital Markets Issues Pessimistic Forecast for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its price target cut by stock analysts at BMO Capital Markets from C$225.00 to C$170.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 51.30% from the company’s previous close.

Several other analysts also recently weighed in on the company. Jefferies Financial Group dropped their price target on goeasy from C$225.00 to C$194.00 in a research note on Monday, November 10th. National Bank Financial reduced their price objective on goeasy from C$245.00 to C$210.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Scotiabank decreased their price objective on goeasy from C$225.00 to C$210.00 in a report on Friday, January 30th. ATB Cormark Capital Markets dropped their target price on goeasy from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Finally, Raymond James Financial cut shares of goeasy from a “moderate buy” rating to a “hold” rating and cut their price objective for the company from C$208.00 to C$153.00 in a report on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, goeasy currently has a consensus rating of “Moderate Buy” and an average target price of C$180.33.

goeasy Stock Up 1.9%

TSE:GSY opened at C$112.36 on Wednesday. The company’s 50 day moving average is C$125.40 and its two-hundred day moving average is C$149.85. The company has a market cap of C$1.80 billion, a PE ratio of 8.20, a P/E/G ratio of 0.84 and a beta of 0.39. goeasy has a twelve month low of C$103.20 and a twelve month high of C$216.50. The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82.

About goeasy

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.