goeasy (TSE:GSY) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• goeasy Ltd. shares have surpassed their 200-day moving average, trading at C$203.65 after reaching a high of C$204.90.
• Analysts have positively adjusted their price targets for goeasy, with BMO Capital Markets increasing theirs to C$232.00 and a consensus target price now at C$221.25, indicating a Moderate Buy rating.
• The company recently announced a quarterly dividend of $1.46, providing an annual yield of 2.9%, with a payout ratio of 28.45%.

goeasy Ltd. (TSE:GSY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$163.53 and traded as high as C$204.90. goeasy shares last traded at C$203.65, with a volume of 47,040 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently commented on GSY shares. National Bankshares increased their target price on goeasy from C$255.00 to C$265.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Scotiabank upped their price objective on shares of goeasy from C$230.00 to C$235.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. TD Securities upped their price objective on shares of goeasy from C$205.00 to C$210.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. BMO Capital Markets upped their price objective on shares of goeasy from C$228.00 to C$232.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Raymond James Financial upped their price objective on shares of goeasy from C$215.00 to C$226.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$221.25.

goeasy Price Performance

The stock has a market cap of C$3.53 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The business's fifty day simple moving average is C$181.82 and its 200 day simple moving average is C$164.36. The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04.

goeasy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 11th were paid a $1.46 dividend. This represents a $5.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 27th. goeasy's dividend payout ratio is 28.45%.

Insider Transactions at goeasy

In other goeasy news, Senior Officer Daniel Llewellyn Rees bought 1,000 shares of the business's stock in a transaction 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.