Royal Bank Of Canada Downgrades goeasy (TSE:GSY) to Strong Sell

goeasy (TSE:GSY) was downgraded by investment analysts at Royal Bank Of Canada from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. National Bank Financial cut goeasy from a “strong-buy” rating to a “hold” rating in a report on Tuesday. ATB Cormark Capital Markets lowered their price objective on goeasy from C$200.00 to C$185.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Raymond James Financial lowered shares of goeasy from a “moderate buy” rating to a “hold” rating and dropped their price objective for the company from C$208.00 to C$153.00 in a report on Wednesday, December 3rd. TD Securities lowered shares of goeasy from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$160.00 to C$135.00 in a report on Monday, January 19th. Finally, BMO Capital Markets cut shares of goeasy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$180.33.

goeasy Stock Performance

TSE GSY opened at C$40.67 on Wednesday. The firm’s fifty day moving average price is C$121.22 and its two-hundred day moving average price is C$145.91. The stock has a market cap of C$651.78 million, a PE ratio of 2.97, a PEG ratio of 0.84 and a beta of 0.16. The company has a debt-to-equity ratio of 383.82, a quick ratio of 28.46 and a current ratio of 42.83. goeasy has a fifty-two week low of C$37.83 and a fifty-two week high of C$216.50.

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.