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

Mogo (TSE:MOGO) had its price target cut by stock 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 firm presently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 118.98% from the stock’s previous close.

Mogo Trading Up 0.7 %

TSE MOGO traded up C$0.01 during mid-day trading on Friday, reaching C$1.37. 29,280 shares of the stock were exchanged, compared to its average volume of 21,844. Mogo has a one year low of C$1.25 and a one year high of C$2.78. The company has a debt-to-equity ratio of 123.15, a current ratio of 0.49 and a quick ratio of 3.99. The stock has a 50 day simple moving average of C$1.65 and a 200-day simple moving average of C$1.71. The stock 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.