11:38:36 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 16,537,023
Close 2023-07-25 C$ 125.25
Market Cap C$ 2,071,262,131
Recent Sedar Documents

Globe says goeasy still considered an "outperformer"

2023-07-26 07:44 ET - In the News

The Globe and Mail reports in its Wednesday, July 26, edition that CIBC World Markets analyst Nik Priebe has reaffirmed his "outperformer" recommendation for goeasy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Priebe's share target soared by $20 to $150. Analysts on average target the shares at $164.10. Mr. Priebe says in a note: "We are not anticipating any major surprises with Q2 results. Revised commercial forecasts (incorporating the impact of a lower rate cap) were announced in May, and the company provided quarterly guidance on loan growth and credit performance nearly halfway through the quarter. The second quarter tends to be a period of elevated demand from a seasonality perspective, but this should be reflected in quarterly loan growth guidance of $175-million to $200-million. This guidance range appears reasonably conservative considering: 1) average quarterly loan growth over the past year was $209-million and 2) Q2 is a period of seasonally higher demand. The aggregate volume of consumer insolvencies in Canada continues to grind higher, but we would consider this data to be a better barometer than thermometer."

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