Desjardins SP target raised to $99 Nice to see, but like most analysts covering GSY, he is very conservative.
Desjardins Securities analyst Gary Ho raised his target for shares of goeasy Ltd. ( GSY-T) to $99 from $89 with a “buy” rating. The average is $98.67.
“Our investment thesis is predicated on: (1) GSY has been able to successfully weather the pandemic and remains well-insulated with its loan protection insurance program; (2) management has shifted its focus more toward offence, suggesting growth through organic initiatives and M&A is likely near-term; and (3) with scale, the business could consistently generate mid-20-per-cent ROE,” he said.