Mogo (TSE:MOGO) Given New C$3.00 Price Target at Raymond James

Mogo (TSE:MOGO) had its target price lowered by investment analysts at Raymond James from C$4.00 to C$3.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 120.59% from the stock’s previous close.

Mogo Stock Performance

Shares of Mogo stock opened at C$1.36 on Friday. Mogo has a one year low of C$1.25 and a one year high of C$2.78. The company has a market cap of C$32.71 million, a PE ratio of -2.10 and a beta of 3.31. The company has a debt-to-equity ratio of 123.15, a quick ratio of 3.99 and a current ratio of 0.49. The business has a 50-day simple moving average of C$1.64 and a 200-day simple moving average of C$1.71.

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.