Bullboard - Stock Discussion Forum goeasy Ltd EHMEF

Primary Symbol: T.GSY

goeasy Ltd. is a Canada-based company, which provides non-prime leasing and lending services through its easyhome, easyfinancial and LendCare brands. The Company's segments include easyfinancial and easyhome. The easyfinancial segment lends out capital in the form of unsecured and secured consumer loans to non-prime borrowers. easyfinancial’s product offering consists of unsecured and real... see more

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Post by retiredcf on Aug 12, 2022 8:57am

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Scotia Capital’s Phil Hardie raised his Goeasy Ltd. target to $160 from $140 with a “sector perform” rating. Others making changes include: BMO’s tienne Ricard to $234 from $225 with an “outperform” rating, Desjardins Securities’ Gary Ho to $185 from $175 with a “buy” rating and TD Securities’ Marcel Mclean to $200 from $195 with a “buy” rating. The average is $203.44.

“GSY reported solid 2Q results despite broad macro uncertainty, with robust loan book growth carrying over into 3Q, most notably in secured auto, home equity and powersports lending. Management is confident in the ability to perform well through economic headwinds. Despite making proactive credit enhancements, management targets 70-per-cent loan book growth (to $4-billion) by 2024, leading to a 20-per-cent EPS growth CAGR,” said Mr. Ho.

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