Raymond James Has Lowered Expectations for Mogo (TSE:MOGO) Stock Price

Mogo (TSE:MOGO) had its target price cut by stock analysts at Raymond James from C$4.00 to C$3.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 120.59% from the stock’s current price.

Mogo Price Performance

Shares of TSE:MOGO opened at C$1.36 on Friday. The business has a 50-day moving average price of C$1.64 and a 200 day moving average price of C$1.71. The company has a current ratio of 0.49, a quick ratio of 3.99 and a debt-to-equity ratio of 123.15. The company has a market capitalization of C$32.71 million, a price-to-earnings ratio of -2.10 and a beta of 3.31. Mogo has a 12-month low of C$1.25 and a 12-month high of C$2.78.

Mogo Company Profile

Mogo Inc operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada.