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

Key Points

• goeasy Ltd. has received a consensus rating of "Moderate Buy" from six analysts, with an average price target set at C$220.63.
• Senior Officer Daniel Llewellyn Rees purchased 1,000 shares of goeasy stock at an average cost of C$160.00 each, reflecting insider confidence in the company.
• goeasy declared a quarterly dividend of $1.46 per share, representing an annualized yield of 3.2% and a dividend payout ratio of 28.45%.

goeasy Ltd. (TSE:GSY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$220.13.

A number of research analysts have recently weighed in on the company. BMO Capital Markets raised their price target on goeasy from C$220.00 to C$228.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Jefferies Financial Group dropped their target price on shares of goeasy from C$222.00 to C$182.00 in a report on Monday, April 21st. National Bankshares upped their price target on shares of goeasy from C$255.00 to C$265.00 and gave the company an "outperform" rating in a report on Thursday. TD Securities raised their price objective on shares of goeasy from C$205.00 to C$210.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Raymond James Financial lifted their price objective on goeasy from C$215.00 to C$226.00 and gave the stock an "outperform" rating in a research report on Thursday.

Insiders Place Their Bets

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

goeasy Price Performance

TSE GSY traded down C$4.34 during mid-day trading on Tuesday, hitting C$199.48. The stock had a trading volume of 48,001 shares, compared to its average volume of 64,815. The company has a 50 day simple moving average of C$169.03 and a 200 day simple moving average of C$162.27. The company has a market cap of C$3.34 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 0.84 and a beta of 1.87. goeasy has a 52-week low of C$134.01 and a 52-week high of C$206.94. The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63.

goeasy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, July 11th were issued a $1.46 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.84 annualized dividend and a yield of 2.9%. goeasy's payout ratio is 28.45%.

goeasy Company Profile

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.