Rating from Mogo (TSE:MOGO) reiterated by Eight Capital

Mogo (TSE: MOGO – Get a rating)The stock had its “buy” rating restated by equity research analysts Eight Capital in a research report released Thursday, MarketBeat reports. They currently have a price target of C$16.00 on the stock. Eight Capital’s target price indicates a potential upside of 334.78% from the stock’s previous close.

MOGO has been the subject of a number of other research reports. Canaccord Genuity Group lowered its price target on Mogo shares from CA$11.00 to CA$10.00 in a Wednesday, January 12 research report. Raymond James set a C$8.00 price target on Mogo shares and gave the stock an “outperform” rating in a Wednesday, March 9 research report. Finally, BTIG Research reaffirmed a “buy” rating and set a price target of C$13.00 on Mogo shares in a research report on Thursday, December 9.

Shares of TSE MOGO traded C$0.06 on Thursday, hitting C$3.68. The company’s stock had a trading volume of 513,319 shares, compared to an average volume of 361,243. Mogo has a 12-month low of C$2.36 and a 12-month high of C$13.95. The company has a market capitalization of C$280.96 million and a price-to-earnings ratio of -30.41. The company has a debt ratio of 34.49, a current ratio of 2.04 and a quick ratio of 1.91. The stock has a 50-day moving average of C$2.87 and a 200-day moving average of C$4.75.

About Mogo (Get a rating)

Mogo Inc operates as a fintech company in Canada. The Company provides a financial application that provides consumers with solutions to help them control their financial well-being. It offers users a Mogo app and provides access to MogoSpend, a digital spending account with Platinum Prepaid Visa Card (MogoCard); MogoCrypto which allows the purchase and sale of bitcoins; free monthly credit score monitoring; MogoProtect, free identity fraud protection; MogoMortgage, a digital mortgage experience; MogoMoney which provides access to personal loans; and bitcoin rewards program for buying bitcoins through MogoCrypto.

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