20:03:07 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 14,492,218
Close 2019-04-30 C$ 48.60
Market Cap C$ 704,321,795
Recent Sedar Documents

Globe says "strong start" to 2019 expected from goeasy

2019-04-30 09:34 ET - In the News

The Globe and Mail reports in its Tuesday, April 30, edition that Raymond James analyst Brenna Phelan is expecting a "strong start" to 2019 for goeasy ($47.24). The Globe's David Leeder writes that Ms. Phelan continues to rate the shares "outperform." Ms. Phelan elevated her share target to $60 from $58. Analysts on average target the shares at $61.83. Ms. Phelan says in a note: "We view goeasy as a uniquely high-growth story, catering to an underserved market with significant demand and little competition, and executing with effective and reliable credit adjudication and underwriting. After an uncharacteristically disappointing 3Q18 result, and against the backdrop of general late-cycle credit fears, the stock sold off meaningfully in 4Q18. GSY responded with repurchasing $400k shares in that quarter, and then delivering a very strong 4Q18 in March, 2019. We continue to think that management has its arms around the credit issue in Quebec, and look for 1Q19 results to also be strong across key metrics. Our 2020 EPS forecast comes up to reflect the lower share count resulting from YTD share repurchases." The Globe reported on Feb. 19 that Desjardins rated goeasy "buy." The shares were then worth $44.51.

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