Desjardins Cuts goeasy (TSE:GSY) Price Target to C$47.00
by Renee Jackson · The Cerbat Gemgoeasy (TSE:GSY – Free Report) had its price target cut by Desjardins from C$64.00 to C$47.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other research analysts have also recently issued reports on GSY. Scotiabank dropped their target price on shares of goeasy from C$61.00 to C$55.00 in a report on Thursday. Raymond James Financial decreased their price target on goeasy from C$77.00 to C$50.00 in a research note on Thursday. Royal Bank Of Canada lowered their price target on goeasy from C$52.00 to C$33.00 in a report on Thursday. Jefferies Financial Group dropped their price objective on goeasy from C$50.00 to C$39.00 in a research note on Thursday. Finally, National Bank Financial reduced their price objective on goeasy from C$50.00 to C$38.00 in a report on Thursday. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, goeasy has a consensus rating of “Hold” and a consensus target price of C$72.00.
goeasy Stock Performance
TSE:GSY opened at C$34.87 on Thursday. The company has a quick ratio of 28.46, a current ratio of 23.15 and a debt-to-equity ratio of 543.86. goeasy has a fifty-two week low of C$33.13 and a fifty-two week high of C$216.50. The stock has a market cap of C$558.83 million, a PE ratio of 2.54, a price-to-earnings-growth ratio of 0.84 and a beta of 0.16. The firm’s fifty day simple moving average is C$88.62 and its 200-day simple moving average is C$125.20.
goeasy (TSE:GSY – Get Free Report) last announced its quarterly earnings data on Wednesday, April 1st. The company reported C($20.25) EPS for the quarter. The company had revenue of C$446.40 million during the quarter. goeasy had a negative net margin of 10.51% and a negative return on equity of 16.05%. Analysts expect that goeasy will post 20.3207343 earnings per share for the current fiscal year.
Key Stories Impacting goeasy
Here are the key news stories impacting goeasy this week:
- Positive Sentiment: Desjardins cut its price target to C$47 but kept a “buy” rating — the new target implies ~34.8% upside from the current price; this is a relatively constructive analyst view. Article Title
- Positive Sentiment: Scotiabank lowered its target to C$55 (still a sizable upside), signaling analysts still see medium‑term recovery potential despite trimming forecasts. Article Title
- Positive Sentiment: Raymond James reduced its target to C$50 but maintains a level implying significant upside vs. current price, supporting the view some firms still expect stabilization. Article Title
- Neutral Sentiment: TD Securities trimmed its target to C$36 and moved to a “hold” — a modestly lower view that suggests limited near‑term upside. Article Title
- Neutral Sentiment: National Bank cut its target to C$38 (small implied upside) and Jefferies cut to C$39 — both reduce expectations but leave room for recovery if fundamentals improve. Article Title Tickerreport
- Negative Sentiment: ATB Cormark downgraded goeasy from “moderate buy” to “hold” and cut its target to C$42, signaling a material pullback in conviction. Article Title
- Negative Sentiment: RBC cut its target to C$33 — below the current share price — which is explicitly bearish and likely adds selling pressure. Article Title
- Negative Sentiment: Coverage of the sector: Reuters reports Canadian banks hold about C$880 million of exposure to goeasy, raising concerns about potential credit losses/counterparty risk that directly weigh on the stock. Article Title
- Negative Sentiment: Market writeups flagged the share move (trading down) and cited the Reuters exposure story plus the analyst revisions as drivers of the sell‑off. Article Title
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.