goeasy (TSE:GSY) Given New C$33.00 Price Target at Royal Bank Of Canada

goeasy (TSE:GSY) had its target price lowered by investment analysts at Royal Bank Of Canada from C$35.00 to C$33.00 in a report released on Thursday, BayStreet reports. The brokerage currently has an “underperform” rating on the stock. Royal Bank Of Canada‘s price objective would suggest a potential downside of 15.08% from the company’s previous close.

A number of other research analysts have also commented on the stock. Jefferies Financial Group lifted their price objective on shares of goeasy from C$45.00 to C$51.00 in a research note on Monday, August 10th. ATB Cormark Capital Markets downgraded shares of goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 target price for the company. in a research note on Wednesday, July 29th. Raymond James Financial raised their price target on goeasy from C$42.00 to C$45.00 and gave the stock a “market perform” rating in a report on Tuesday, July 21st. Desjardins cut goeasy from a “buy” rating to a “hold” rating and dropped their price target for the company from C$56.00 to C$44.00 in a research report on Wednesday. Finally, National Bank Financial dropped their price target on goeasy from C$53.00 to C$44.00 and set a “sector perform” rating on the stock in a research report on Thursday. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of C$40.33.

goeasy Stock Performance

Shares of goeasy stock traded up C$1.25 during trading on Thursday, reaching C$38.86. The company’s stock had a trading volume of 123,343 shares, compared to its average volume of 202,602. The company has a 50-day moving average price of C$43.57 and a two-hundred day moving average price of C$52.78. goeasy has a fifty-two week low of C$27.60 and a fifty-two week high of C$140.12. The firm has a market cap of C$623.08 million, a PE ratio of -1.86, a P/E/G ratio of 0.84 and a beta of 1.29. The company has a current ratio of 22.81, a quick ratio of 28.46 and a debt-to-equity ratio of 558.73.

goeasy (TSE:GSY) last issued its quarterly earnings results on Tuesday, November 10th. The company reported C($0.94) earnings per share for the quarter. The business had revenue of C$371.65 million for the quarter. goeasy had a negative return on equity of 37.13% and a negative net margin of 20.21%. On average, analysts forecast that goeasy will post 20.32 EPS for the current year.

Insider Activity

In other news, insider Courtenay Andrew Ames Plaunt sold 2,591 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$45.22, for a total value of C$117,165.02. Over the last ninety days, insiders sold 4,837 shares of company stock worth $217,486. Corporate insiders own 22.05% of the company’s stock.

goeasy Company Profile

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members’ dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture.