goeasy (TSE:GSY) Given New C$240.00 Price Target at National Bankshares

goeasy (TSE:GSY) had its target price raised by equities researchers at National Bankshares from C$235.00 to C$240.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 35.49% from the company’s current price.

Other analysts also recently issued research reports about the stock. Scotiabank increased their target price on shares of goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. BMO Capital Markets lowered 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 research note on Tuesday, October 22nd. Finally, Desjardins reduced their target price on goeasy from C$215.00 to C$210.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$219.33.

goeasy Price Performance

GSY stock opened at C$177.13 on Wednesday. The company has a market capitalization of C$2.98 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. goeasy has a 52-week low of C$108.84 and a 52-week high of C$206.02. The business has a 50-day simple moving average of C$181.80 and a two-hundred day simple moving average of C$183.64. The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97.

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

Insider Activity

In related 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. Insiders own 22.05% of the company’s stock.

About goeasy

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.