goeasy (TSE:GSY) Shares Up 9.2% on Analyst Upgrade

goeasy Ltd (TSE:GSY) shares shot up 9.2% on Thursday after BMO Capital Markets raised their price target on the stock from C$75.00 to C$80.00. The stock traded as high as C$74.80 and last traded at C$74.41, 126,982 shares traded hands during trading. An increase of 111% from the average session volume of 60,196 shares. The stock had previously closed at C$68.11.

Several other equities analysts have also weighed in on the stock. National Bank Financial increased their price target on shares of goeasy from C$75.00 to C$87.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Raymond James set a C$73.00 price target on shares of goeasy and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Desjardins increased their price target on shares of goeasy from C$67.00 to C$72.00 in a research report on Wednesday, November 6th. Finally, TD Securities reduced their price target on shares of goeasy from C$75.00 to C$74.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

In other goeasy news, Senior Officer Jason Mullins sold 750 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$65.91, for a total transaction of C$49,434.75. Following the completion of the transaction, the insider now owns 59,608 shares in the company, valued at C$3,928,942.10. Also, Director David Ingram sold 20,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of C$67.89, for a total transaction of C$1,357,800.00. Following the transaction, the director now owns 426,701 shares of the company’s stock, valued at approximately C$28,968,730.89.

The company has a quick ratio of 21.06, a current ratio of 21.16 and a debt-to-equity ratio of 250.72. The stock has a market cap of $980.19 million and a P/E ratio of 16.69. The business’s 50-day simple moving average is C$71.40 and its two-hundred day simple moving average is C$62.90.

About goeasy (TSE:GSY)

goeasy Ltd. provides loans and other financial services to consumers in Canada. It also leases household products to consumers. The company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans, and secured saving loans; loan protection plans; and an optional home and auto benefits product, which offers road side assistance and a suite of other support services, as well as credit monitoring services.

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