Analysts at Jefferies Financial Group have revised their price target for goeasy Ltd. (TSE:GSY), dropping it from C$225.00 to C$194.00. This adjustment, reported on Monday, suggests a potential upside of approximately 53.86% from the stock’s current trading price. The downgrade reflects a broader trend among equity research analysts reassessing their evaluations of the company.
Several other financial institutions have also made recent changes to their price targets for goeasy. On Thursday, BMO Capital Markets reduced its price objective from C$232.00 to C$226.00. Similarly, Raymond James Financial lowered its target from C$226.00 to C$208.00. In the same vein, National Bankshares adjusted its target from C$265.00 to C$245.00.
On Friday, TD Securities cut its price target significantly from C$210.00 to C$160.00, while maintaining a “buy” rating for the company. The Royal Bank of Canada also revised its price objective downward from C$194.00 to C$156.00.
As a result of these changes, six analysts now rate goeasy stock as a “Buy,” while one has assigned a “Hold” rating. According to data compiled by MarketBeat.com, goeasy currently enjoys a consensus rating of “Moderate Buy” along with a consensus price target of C$203.00.
Company Overview and Market Performance
Based in Canada, goeasy Ltd. provides a range of financial services, including merchandise leasing for furniture, electronics, computers, and appliances. The company operates under weekly or monthly leasing agreements, making these products accessible to consumers. Additionally, goeasy offers unsecured installment loans to its clientele, further broadening its service portfolio.
Recently, the company’s stock has experienced a downturn, declining by 2.6% on the market. Despite the lowered price targets, analysts remain optimistic about the potential for future growth, reflected in the positive consensus rating.
As the financial landscape evolves, goeasy’s ability to adapt will be crucial in maintaining investor confidence and market position. The adjustments made by various financial institutions underscore the dynamic nature of market evaluations and the importance of ongoing analysis in the financial sector.
For those interested in keeping abreast of goeasy’s performance and related news, MarketBeat.com offers a free daily email newsletter summarizing the latest developments and analysts’ ratings.
