goeasy (TSE:GSY) Trading Up 0.6% - Here's What Happened

Key Points

• goeasy Ltd. shares increased by 0.6% to last trade at C$159.61, with a notable trading volume surge of 46% above its average daily activity.
• Analyst ratings for goeasy are predominantly positive, with a consensus rating of "Moderate Buy" and a target price estimation averaging C$217.11.
• The company recently announced a quarterly dividend of $1.46 per share, translating to a 3.7% yield and a dividend payout ratio of 31.67%.

Shares of goeasy Ltd. (TSE:GSY - Get Free Report) rose 0.6% on Wednesday . The stock traded as high as C$161.19 and last traded at C$159.61. Approximately 103,165 shares traded hands during trading, an increase of 46% from the average daily volume of 70,727 shares. The stock had previously closed at C$158.72.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GSY. Royal Bank Of Canada set a C$194.00 price target on shares of goeasy and gave the stock a "hold" rating in a report on Wednesday, October 1st. Raymond James Financial boosted their target price on shares of goeasy from C$215.00 to C$226.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. BMO Capital Markets lifted their price objective on goeasy from C$228.00 to C$232.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. National Bankshares set a C$265.00 target price on goeasy and gave the company an "outperform" rating in a report on Tuesday, September 23rd. Finally, Scotiabank lowered their price target on goeasy from C$235.00 to C$225.00 and set a "sector perform" rating on the stock in a research note on Tuesday, September 23rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, goeasy currently has a consensus rating of "Moderate Buy" and a consensus target price of C$217.11.

goeasy Price Performance

The company has a debt-to-equity ratio of 287.63, a current ratio of 82.04 and a quick ratio of 28.46. The stock has a 50 day simple moving average of C$193.88 and a two-hundred day simple moving average of C$171.86. The company has a market cap of C$2.57 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90.

goeasy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, October 10th were given a dividend of $1.46 per share. This represents a $5.84 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, September 26th. goeasy's dividend payout ratio (DPR) is presently 31.67%.

About goeasy

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.