17:58:24 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 13,674,191
Close 2018-08-10 C$ 52.35
Market Cap C$ 715,843,899
Recent Sedar Documents

Globe says Beacon's Cooper bullish on goeasy

2018-08-10 08:53 ET - In the News

The Globe and Mail reports in its Friday, Aug. 10, edition that goeasy's ($51.87) "massive" guidance in the wake of "another record" quarter prompted Beacon Securities analyst Doug Cooper to hike his share target to $70 from $60. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $58.50. Mr. Cooper reiterated his "buy" call. Mr. Cooper says in a note: "Goeasy is proving itself to be one of the best internal growth stories in Canada and its growth is accelerating. With a 20-per-cent-plus and growing ROE, strong free cash flow, growing dividend and ample growth opportunities, we continue to believe the shares represent exceptional value. In a report earlier this year, we indicated we believed that goeasy was ready to take its place amongst other Canadian high growth companies such as Dollarama that experienced significant multiple expansion once its operating profit surpassed $100-million. GSY will cross that threshold in FY18 and, in fact, has surpassed that on an LQA basis. Even without a significant multiple expansion, the growth in earnings should propel the shares significantly higher -- a well-deserved multiple expansion would be icing on the cake."

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