goeasy Ltd T.GSY

Alternate Symbol(s): EHMEF

Financial Services Credit Services

goeasy Ltd. is a Canadian company that 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 estate secured instalment loans. The LendCare operating segment specializes in financing consumer purchases in the powersports, automotive, retail, healthcare, and home improvement categories. The easyhome segment provides leasing services for household furniture, appliances and electronics and unsecured lending products to retail consumers. Its customers can transact seamlessly through an omnichannel model that includes online and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement, and healthcare verticals.

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goeasy Ltd > Desjardins SP target raised to $99

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Comment by Torontojayon Dec 16, 2020 11:01am

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Post# 32118426

RE:Desjardins SP target raised to $99

Goeasy is a classic capital compounder. I've owned and will continue to hold for many years.

dm27427 wrote:

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.