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goeasy ( (TSE:GSY) ) has issued an announcement.
goeasy Ltd. announced the renewal of its revolving securitization warehouse facility, maintaining its capacity at $1.4 billion with similar terms. The facility, backed by consumer loans, involves a lending syndicate of three large Canadian banks and has a new maturity date set for October 30, 2026. The renewal ensures goeasy’s continued ability to support its financial services offerings, reinforcing its position in the consumer lending market and providing stability for its stakeholders.
The most recent analyst rating on (TSE:GSY) stock is a Hold with a C$194.00 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 easyhome, easyfinancial, and LendCare brands. The company offers a wide range of financial products, including unsecured and secured installment loans, merchant financing, and lease-to-own merchandise, serving approximately 1.6 million Canadians. With over 2,600 employees, goeasy operates through an omni-channel model with more than 400 locations across Canada and partnerships with around 11,200 merchants in various sectors.
Average Trading Volume: 88,918
Technical Sentiment Signal: Buy
Current Market Cap: C$2.69B
For a thorough assessment of GSY stock, go to TipRanks’ Stock Analysis page.