National Bankshares Forecasts Strong Price Appreciation for goeasy (TSE:GSY) Stock

goeasy (TSE:GSY) had its target price boosted by research analysts at National Bankshares from C$235.00 to C$240.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 33.94% from the company’s current price.

Several other research firms have also issued reports on GSY. Desjardins decreased their target price on goeasy from C$215.00 to C$210.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets cut shares of goeasy from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$218.00 to C$202.00 in a report on Tuesday, October 22nd. Finally, Scotiabank upped their target price on shares of goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, goeasy presently has an average rating of “Moderate Buy” and a consensus price target of C$219.33.

goeasy Trading Up 2.5 %

TSE GSY traded up C$4.42 during trading hours on Wednesday, hitting C$179.18. The company’s stock had a trading volume of 84,453 shares, compared to its average volume of 48,980. goeasy has a twelve month low of C$108.84 and a twelve month high of C$206.02. The firm has a market capitalization of C$3.01 billion, a P/E ratio of 11.70, a PEG ratio of 0.84 and a beta of 1.87. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31. The stock has a fifty day moving average of C$181.90 and a 200 day moving average of C$183.58.

goeasy (TSE:GSY) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share for the quarter, beating analysts’ consensus estimates of C$4.01 by C$0.09. goeasy had a return on equity of 25.28% and a net margin of 33.40%. The company had revenue of C$377.80 million for the quarter, compared to the consensus estimate of C$372.40 million. Equities research analysts forecast that goeasy will post 20.3207343 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Jason Mullins sold 4,500 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total value of C$846,000.00. 22.05% of the stock is currently owned by company insiders.

goeasy Company Profile

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.