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An update from goeasy ( (TSE:GSY) ) is now available.
goeasy Ltd. has responded to a misleading short seller report by Jehoshaphat Research, which has taken a short position in goeasy’s shares. The company refutes the report’s claims, emphasizing its confidence in the quality of its consumer loan portfolio and its commitment to transparency and disciplined risk management. goeasy highlights its financial strength, with a provision for future loan losses of over $400 million and significant revenues and net principal payments in the first half of the year. The company reaffirms its guidance and cautions shareholders against making decisions based on the short seller report.
The most recent analyst rating on (TSE:GSY) stock is a Hold with a C$196.00 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 Neutral.
goeasy’s overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting record loan growth and revenue increases. However, high leverage, negative cash flows, and bearish technical indicators weigh down the score. The stock’s reasonable valuation and attractive dividend yield provide some support.
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 platforms and over 400 locations across Canada, serving approximately 1.6 million Canadians and originating over C$17.5 billion in loans.
Average Trading Volume: 70,428
Technical Sentiment Signal: Buy
Current Market Cap: C$2.97B
Find detailed analytics on GSY stock on TipRanks’ Stock Analysis page.