Raymond James Cuts Mogo (TSE:MOGO) Price Target to C$3.00

Mogo (TSE:MOGO) had its price objective dropped by equities researchers 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 indicates a potential upside of 118.98% from the stock’s previous close.

Mogo Price Performance

MOGO traded up C$0.01 during midday trading on Friday, hitting C$1.37. The stock had a trading volume of 29,280 shares, compared to its average volume of 21,844. Mogo has a 1 year low of C$1.25 and a 1 year high of C$2.78. 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 fifty day moving average of C$1.65 and a 200 day moving average of C$1.71. The company has a market cap of C$32.95 million, a P/E ratio of -2.11 and a beta of 3.31.

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.