goeasy (TSE:GSY) Price Target Cut to C$47.00 by Analysts at Desjardins

goeasy (TSE:GSY) had its price target lowered by Desjardins from C$64.00 to C$47.00 in a research report sent to investors on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently weighed in on GSY. Raymond James Financial dropped their target price on shares of goeasy from C$77.00 to C$50.00 in a report on Thursday. Scotiabank decreased their price target on goeasy from C$61.00 to C$55.00 in a report on Thursday. National Bank Financial lowered their price objective on goeasy from C$50.00 to C$38.00 in a research report on Thursday. BMO Capital Markets lowered goeasy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Royal Bank Of Canada cut their target price on goeasy from C$52.00 to C$33.00 in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$72.00.

goeasy Price Performance

Shares of TSE:GSY opened at C$34.87 on Thursday. The company has a market capitalization 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 has a 1-year low of C$33.13 and a 1-year high of C$216.50. The firm’s 50 day simple moving average is C$90.50 and its two-hundred day simple moving average is C$126.99. The company has a debt-to-equity ratio of 383.82, a current ratio of 42.83 and a quick ratio of 28.46.

goeasy (TSE:GSY) last announced its quarterly earnings data on Wednesday, April 1st. The company reported C($20.25) earnings per share (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%. Research analysts expect that goeasy will post 20.3207343 EPS for the current fiscal year.

Key Headlines Impacting goeasy

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

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.