goeasy Ltd. (TSE:GSY) Receives Average Rating of "Moderate Buy" from Analysts

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%.

Shares of goeasy Ltd. (TSE:GSY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$220.63.

A number of analysts recently issued reports on GSY shares. TD Securities lifted their price target on shares of goeasy from C$192.00 to C$205.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Cormark dropped their price target on shares of goeasy from C$240.00 to C$210.00 in a research note on Thursday, April 24th. BMO Capital Markets lifted their price target on shares of goeasy from C$220.00 to C$228.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. National Bankshares lifted their price target on shares of goeasy from C$235.00 to C$255.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Finally, Jefferies Financial Group dropped their price target on shares of goeasy from C$222.00 to C$182.00 in a research note on Monday, April 21st.

Insiders Place Their Bets

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

goeasy Price Performance

GSY opened at C$181.31 on Tuesday. The company has a 50 day moving average of C$166.58 and a two-hundred day moving average of C$161.75. goeasy has a 52-week low of C$134.01 and a 52-week high of C$197.59. 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 company has a market cap of C$3.04 billion, a P/E ratio of 11.02, a P/E/G ratio of 0.84 and a beta of 1.87.

goeasy Dividend Announcement

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. This represents a $5.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, June 27th. goeasy's dividend payout ratio is presently 28.45%.

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.

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