Scotiabank Issues Pessimistic Forecast for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its price target dropped by analysts at Scotiabank from C$68.00 to C$61.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 59.69% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets downgraded goeasy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Royal Bank Of Canada downgraded goeasy from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. ATB Cormark Capital Markets lowered their price target on goeasy from C$200.00 to C$185.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. TD Securities cut shares of goeasy from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$160.00 to C$135.00 in a research note on Monday, January 19th. Finally, Jefferies Financial Group downgraded shares of goeasy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Two research 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. Based on data from MarketBeat.com, goeasy has a consensus rating of “Hold” and an average target price of C$163.78.

goeasy Trading Down 3.9%

Shares of TSE GSY opened at C$38.20 on Wednesday. goeasy has a 1 year low of C$33.13 and a 1 year high of C$216.50. The company has a debt-to-equity ratio of 383.82, a current ratio of 42.83 and a quick ratio of 28.46. The firm has a 50-day moving average of C$99.83 and a 200 day moving average of C$132.99. The stock has a market cap of C$612.19 million, a P/E ratio of 2.79, a price-to-earnings-growth ratio of 0.84 and a beta of 0.16.

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.