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goeasy ( (TSE:GSY) ) has provided an announcement.
goeasy Ltd. announced it has surpassed a $5 billion consumer loan portfolio, marking a significant milestone in its growth trajectory. This achievement underscores the company’s strong market position as a leading non-prime lender in Canada, with plans to further expand its loan portfolio to between $7.35 billion and $7.75 billion by 2027. The company’s diverse range of financial products and extensive network of merchant partners have been pivotal in reaching this milestone, reflecting its commitment to providing reliable financing solutions to underserved customers.
The most recent analyst rating on (TSE:GSY) stock is a Buy with a C$215.00 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 Ltd. shows strong financial performance with robust revenue growth and profitability, supported by a solid valuation with attractive P/E and dividend yield metrics. However, the company’s high leverage and liquidity concerns due to negative free cash flow require careful management. The technical indicators suggest a neutral market stance without strong upward or downward momentum. The recent earnings call and corporate events provide a balanced view, highlighting both growth potential and financial challenges.
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 variety of financial products, including unsecured and secured installment loans, merchant financing, and lease-to-own merchandise, serving over 1.5 million Canadians through an omni-channel model that includes online, mobile platforms, and over 400 locations across Canada.
Average Trading Volume: 63,890
Technical Sentiment Signal: Sell
Current Market Cap: C$2.48B
Learn more about GSY stock on TipRanks’ Stock Analysis page.