CIBC began hedging the shares of goeasy (TSE: GSY – Get an assessment) in a research report delivered to clients and investors on Tuesday, reports MarketBeat Ratings. The company has set a “buy” rating and price target of C$200.00 for the stock. CIBC’s target price indicates a potential upside of 58.62% from the company’s previous close.
Other stock analysts have also released reports on the company. Raymond James downgraded goeasy from an “outperform” rating to a “strong buy” rating and set a price target of C$207.00 for the company in a Friday, March 11 research note. TD Securities lowered its price target on goeasy from C$260.00 to C$240.00 and set a “buy” rating for the company in a Thursday, January 27 research note. One research analyst gave the stock a hold rating, six gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat, the company currently has a consensus buy rating and a consensus target price of C$211.78.
TSE GSY opened at C$126.09 on Tuesday. The company has a market cap of C$2.04 billion and a price-earnings ratio of 8.62. The company has a quick ratio of 15.28, a current ratio of 15.34 and a debt ratio of 209.19. The company has a 50-day moving average price of CA$140.23 and a 200-day moving average price of CA$166.89. goeasy has a 12-month low of C$121.25 and a 12-month high of C$218.35.
About goeasy (Get a rating)
goeasy ltd. provides loans and other financial services to consumers in Canada. It also rents household products to consumers. The Company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans, as well as secured savings loans; loan protection plans; and optional home and auto insurance products, which offer roadside assistance and a suite of other support services, as well as credit monitoring services.
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