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An update from goeasy ( (TSE:GSY) ) is now available.
goeasy Ltd. has successfully closed an upsized offering of US$450 million and C$175 million in senior unsecured notes, reflecting strong market demand and confidence in the company’s business. The proceeds will be used to partially repay existing debt and support general corporate purposes, raising the company’s total funding capacity to C$2.3 billion. This financial maneuver is expected to bolster goeasy’s growth plans and enhance its market positioning in the consumer lending sector.
The most recent analyst rating on (TSE:GSY) stock is a Buy with a C$231.00 price target. To see the full list of analyst forecasts on goeasy stock, see the TSE:GSY Stock Forecast page.
Spark’s Take on TSE:GSY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GSY is a Outperform.
goeasy’s stock score is primarily driven by strong technical indicators and a positive earnings call, reflecting robust growth and operational efficiency. The valuation is attractive with a low P/E ratio and decent dividend yield. However, financial performance is moderated by high leverage and negative cash flows, which pose potential risks.
To see Spark’s full report on TSE:GSY stock, click here.
More about goeasy
goeasy Ltd. is a Canadian company headquartered in Mississauga, Ontario, specializing in non-prime leasing and lending services through its brands easyhome, easyfinancial, and LendCare. The company offers a range of financial products, including unsecured and secured installment loans, merchant financing, and lease-to-own merchandise. With over 2,600 employees, goeasy operates through an omni-channel model, including online and mobile platforms, and over 400 locations across Canada. It partners with approximately 11,200 merchants in various sectors such as retail, automotive, and healthcare. The company has served around 1.6 million Canadians and originated over C$17.5 billion in loans.
Average Trading Volume: 49,753
Technical Sentiment Signal: Buy
Current Market Cap: C$3.32B
See more data about GSY stock on TipRanks’ Stock Analysis page.