goeasy (TSE:GSY) Given New C$265.00 Price Target at National Bankshares

Key Points

• National Bankshares has raised its price target for goeasy (TSE:GSY) from C$255.00 to C$265.00, indicating a potential upside of 30.55% from its previous close.
• The stock has received multiple ratings upgrades, with Scotiabank increasing its target to C$230.00, while Jefferies Financial Group cut its target to C$182.00.
• Goeasy's share price recently increased to C$202.99, with a trading volume significantly higher than its average, reflecting heightened investor interest.

goeasy (TSE:GSY - Free Report) had its target price increased by National Bankshares from C$255.00 to C$265.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Jefferies Financial Group cut their price target on goeasy from C$222.00 to C$182.00 in a research report on Monday, April 21st. Cormark lowered their price objective on shares of goeasy from C$240.00 to C$210.00 in a research report on Thursday, April 24th. TD Securities raised their target price 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. BMO Capital Markets raised their price objective on shares of goeasy from C$220.00 to C$228.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, Scotiabank raised their price target on goeasy from C$205.00 to C$230.00 in a report on Wednesday, July 23rd. One 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, the company has an average rating of "Moderate Buy" and an average price target of C$221.25.

goeasy Stock Down 1.6%

GSY traded down C$3.19 on Thursday, reaching C$200.63. The company's stock had a trading volume of 90,976 shares, compared to its average volume of 65,104. The company has a market capitalization of C$3.36 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.84 and a beta of 1.87. goeasy has a fifty-two week low of C$134.01 and a fifty-two 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. The stock has a 50 day moving average of C$170.05 and a two-hundred day moving average of C$162.42.

goeasy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 11th were paid a dividend of $1.46 per share. This represents a $5.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 27th. goeasy's dividend payout ratio (DPR) is 28.45%.

Insider Activity

In related news, Senior Officer Daniel Llewellyn Rees bought 1,000 shares of goeasy stock in a transaction that occurred on Monday, June 23rd. The shares were purchased at an average price 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.

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.