The Globe and Mail reports in its Tuesday, Aug. 13, edition that BMO Capital analyst Etienne Ricard is keeping his "outperform" recommendation for goeasy intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ricard gave his share target a $3 boost to $218. Analysts on average target the shares at $233.89.
Mr. Etienne says in a note: "While goeasy's credit metrics are reflecting an unsurprisingly weaker consumer financial health, the outlook for realized losses is stable underpinned by tighter underwriting policies and an increasingly larger secured loan portfolio. Further, management is seeing record customer demand afforded by favorable competitive dynamics. The outlook for high-teens earnings growth and 21-per-cent-plus ROE leading to 2026 is intact." The Globe reported on Nov. 10 that Mr. Ricard had reaffirmed his "outperform" ranking for goeasy when it could be had for $124.36. The Globe reported on July 19 that CIBC World Markets analysts led by Nik Priebe had an "outperformer" recommendation on goeasy when it was worth $187.83. The Globe reported on July 30 that National Bank Financial analyst Jaeme Gloyn continued to rank goeasy "outperform." The shares were then trading at $201.31.
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