goeasy (TSE:GSY) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital Markets has increased its price target for goeasy (TSE:GSY) from C$228.00 to C$232.00, indicating a potential upside of 16.50% from the current stock price.
• Despite the positive forecast from BMO, the stock was down 2.3% to C$199.15 on Friday, with analysts having mixed ratings, including both buy and hold recommendations.
• Insider activity includes Senior Officer Daniel Llewellyn Rees acquiring 1,000 shares at an average price of C$160.00, highlighting ongoing confidence in the company's prospects.

goeasy (TSE:GSY - Free Report) had its target price hoisted by BMO Capital Markets from C$228.00 to C$232.00 in a research note published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently weighed in on GSY. National Bankshares raised their price target on shares of goeasy from C$255.00 to C$265.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Raymond James Financial raised their price target on shares of goeasy from C$215.00 to C$226.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Scotiabank raised their price target on shares of goeasy from C$205.00 to C$230.00 in a research report on Wednesday, July 23rd. Cormark dropped their target price on shares of goeasy from C$240.00 to C$210.00 in a research report on Thursday, April 24th. Finally, Jefferies Financial Group dropped their target price on shares of goeasy from C$222.00 to C$182.00 in a research report on Monday, April 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$221.25.

goeasy Stock Up 0.8%

TSE GSY traded up C$1.72 during trading hours on Friday, hitting C$208.32. The company's stock had a trading volume of 13,747 shares, compared to its average volume of 64,974. goeasy has a 52 week low of C$134.01 and a 52 week high of C$208.37. The company has a market capitalization of C$3.49 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63. The company's 50-day simple moving average is C$171.20 and its two-hundred day simple moving average is C$162.16.

goeasy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, July 11th were issued a $1.46 dividend. This represents a $5.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, June 27th. goeasy's payout ratio is 28.45%.

Insider Activity at goeasy

In related news, Senior Officer Daniel Llewellyn Rees purchased 1,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were bought at an average price of C$160.00 per share, with a total value of C$160,000.00. Company insiders own 22.05% of the company's stock.

About goeasy

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.