The Globe and Mail reports in its Friday edition that BMO Capital analyst Etienne Ricard has reaffirmed his "outperform" ranking for goeasy. The Globe's David Leeder writes that Mr. Ricard's share target soared $10 to $177. Analysts on average target the shares at $176.50. Mr. Ricard says in a note: "goeasy appears well-positioned to exceed the high end of its three-year loan growth forecasts supported by record originations across loan products and channels. Layering stable credit performance and operating leverage, prospects for high-teens earnings CAGR and 21-per-cent-plus return on equity through 2025 remain intact. Trading at less than eight times earnings, goeasy remains one of our best ideas heading into 2024." The Globe reported on Nov. 15, 2022, that Mr. Ricard was sticking with his "outperform" recommendation. The shares could then be had for $123.76. The Globe reported on May 3, 2023, that National Bank Financial analyst Jaeme Gloyn recommended that investors put goeasy "on your radar." In the item, he reaffirmed his "outperform" recommendation. The shares could then be had for $89.82. The Globe reported on July 26, 2023, that CIBC's Nik Priebe rated goeasy "outperformer." It was then worth $125.25.
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