goeasy (TSE:GSY) Hits New 1-Year High on Analyst Upgrade

Key Points

• goeasy Ltd. shares reached a new 52-week high after Scotiabank raised its price target from C$230.00 to C$235.00, maintaining a sector perform rating.
• The stock has received mixed ratings from analysts, with targets ranging from C$182.00 to C$265.00, and a consensus rating of "Moderate Buy."
• goeasy announced a quarterly dividend of $1.46, representing an annualized payment of $5.84 and a dividend yield of 2.8%.

goeasy Ltd. (TSE:GSY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday after Scotiabank raised their price target on the stock from C$230.00 to C$235.00. Scotiabank currently has a sector perform rating on the stock. goeasy traded as high as C$207.54 and last traded at C$207.15, with a volume of 49374 shares. The stock had previously closed at C$200.63.

A number of other analysts have also recently weighed in on GSY. Raymond James Financial increased their target price on shares of goeasy from C$215.00 to C$226.00 and gave the stock an "outperform" rating in a report on Thursday. Jefferies Financial Group decreased their target price on shares of goeasy from C$222.00 to C$182.00 in a report on Monday, April 21st. TD Securities raised their price target on shares of goeasy from C$205.00 to C$210.00 and gave the stock a "buy" rating in a report on Thursday. Cormark reduced their target price on shares of goeasy from C$240.00 to C$210.00 in a research note on Thursday, April 24th. Finally, National Bankshares lifted 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$221.25.

Insider Activity

In other goeasy news, Senior Officer Daniel Llewellyn Rees purchased 1,000 shares of the business's stock in a transaction that occurred on 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. 22.05% of the stock is owned by corporate insiders.

goeasy Price Performance

The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04. The company has a 50-day moving average of C$170.05 and a 200-day moving average of C$162.06. The firm has a market capitalization of C$3.48 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87.

goeasy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, July 11th were given a $1.46 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.84 annualized dividend and a dividend yield of 2.8%. goeasy's payout ratio is currently 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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