goeasy Ltd. (TSE:GSY) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• goeasy Ltd. has an average rating of "Moderate Buy" from seven brokerages, with one hold and six buy recommendations. Analysts' 12-month price target averages C$221.25.
• Recent analysts' reports have raised the target prices for goeasy, with Scotiabank increasing it to C$235.00 and National Bankshares giving a target of C$265.00.
• goeasy recently announced a quarterly dividend of $1.46 per share, representing an annualized dividend yield of 2.7%.

goeasy Ltd. (TSE:GSY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$221.25.

GSY has been the topic of a number of analyst reports. Raymond James Financial increased their price target on goeasy from C$215.00 to C$226.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. BMO Capital Markets increased their price target on goeasy from C$228.00 to C$232.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Scotiabank increased their price target on goeasy from C$230.00 to C$235.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. TD Securities increased their price target on goeasy from C$205.00 to C$210.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, National Bankshares increased their price target on goeasy from C$255.00 to C$265.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th.

Insider Activity

In other goeasy news, Senior Officer Daniel Llewellyn Rees acquired 1,000 shares of the stock in a transaction dated Monday, June 23rd. The stock was acquired at an average cost of C$160.00 per share, with a total value of C$160,000.00. Corporate insiders own 22.05% of the company's stock.

goeasy Trading Up 0.2%

TSE GSY traded up C$0.37 during trading on Friday, hitting C$213.13. The stock had a trading volume of 3,723 shares, compared to its average volume of 63,740. The company has a market capitalization of C$3.43 billion, a PE ratio of 12.83, a PEG ratio of 0.84 and a beta of 1.04. The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63. The firm has a 50 day moving average price of C$188.86 and a 200 day moving average price of C$166.48. goeasy has a twelve month low of C$134.01 and a twelve month high of C$215.42.

goeasy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 11th were given a dividend of $1.46 per share. This represents a $5.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, June 27th. goeasy's dividend payout ratio is currently 31.67%.

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.