A Reversal for goeasy Ltd Is Not Near. The Stock Reaches 52-Week High Today


The stock of goeasy Ltd (TSE:GSY) hit a new 52-week high and has $42.43 target or 89.00% above today’s $22.45 share price. The 5 months bullish chart indicates low risk for the $309.12 million company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $42.43 price target is reached, the company will be worth $275.12M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 28,031 shares traded hands or 0.50% up from the average. goeasy Ltd (TSE:GSY) has risen 20.49% since February 5, 2016 and is uptrending. It has outperformed by 4.00% the S&P500.

Out of 2 analysts covering Argosy Energy Inc. (TSE:GSY), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $30 is the highest target while $27 is the lowest. The $28.50 average target is 26.95% above today’s ($22.45) stock price. Argosy Energy Inc. has been the topic of 2 analyst reports since February 19, 2016 according to StockzIntelligence Inc.

goeasy Ltd., formerly easyhome Ltd., is a Canada service well-known provider of goods and alternative financial services. The company has a market cap of $309.12 million. The Firm serves clients through two divisions: easyhome and easyfinancial. It has a 9.89 P/E ratio. The Company’s divisions are easyhome and easyfinancial. easyhome offers clients brand-name household furniture, appliances and electronics under weekly or monthly lease agreements. easyhome operates through both corporately owned and franchised stores located across Canada.

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