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goeasy Ltd. (GSY) Receives a Buy from Desjardins


goeasy Ltd. (GSY), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Gary Ho from Desjardins reiterated a Buy rating, with a C$53 price target.

According to TipRanks.com, Ho is a 3-star analyst with an average return of 4.8% and a 50.8% success rate. Ho covers the Financial sector, focusing on stocks such as Alaris Royalty Corp, IGM Financial, and Sprott Inc.

goeasy Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of C$62.75.

Based on goeasy Ltd.’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$11.82 million. In comparison, last year the company had a net profit of C$11.61 million.

goeasy Ltd. engages in the provision of goods and alternative financial services. It operates through the following segments: easyfinancial, easyhome, and Corporate. The easyfinancial segment lends consumers financial assistance. The easyhome segment represents furniture, electronics, computers, and appliances.

The company’s shares closed on Friday at C$40.16.