TD Securities Issues Positive Forecast for goeasy (TSE:GSY) Stock Price

Key Points

• TD Securities raised its target price for goeasy (TSE:GSY) stock from C$205.00 to C$210.00, indicating a potential upside of 3.45% from its previous close.
• goeasy shares surged 9.1% to reach C$202.99 on Thursday, with a market cap of C$3.40 billion and a variety of recently adjusted price targets from several analysts.
• Insider Daniel Llewellyn Rees purchased 1,000 shares at an average cost of C$160.00, demonstrating confidence in the company's future performance.

goeasy (TSE:GSY - Free Report) had its target price hoisted by TD Securities from C$205.00 to C$210.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

GSY has been the topic of several other reports. Jefferies Financial Group dropped their target price on goeasy from C$222.00 to C$182.00 in a report on Monday, April 21st. Scotiabank upped their price objective on goeasy from C$205.00 to C$230.00 in a research report on Wednesday, July 23rd. BMO Capital Markets raised their price objective 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 boosted their target price on shares of goeasy from C$235.00 to C$255.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Finally, Cormark lowered their price target on shares of goeasy from C$240.00 to C$210.00 in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$221.25.

goeasy Stock Performance

GSY traded down C$3.19 during trading on Thursday, reaching C$200.63. 90,976 shares of the company's stock were exchanged, compared to its average volume of 65,104. The company has a debt-to-equity ratio of 287.63, a current ratio of 82.04 and a quick ratio of 28.46. goeasy has a 1 year low of C$134.01 and a 1 year high of C$206.94. The company's fifty day simple moving average is C$170.05 and its 200-day simple moving average is C$162.42. The stock has a market capitalization of C$3.36 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87.

goeasy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, July 11th were issued a $1.46 dividend. This represents a $5.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, June 27th. goeasy's payout ratio is presently 28.45%.

Insiders Place Their Bets

In related news, Senior Officer Daniel Llewellyn Rees acquired 1,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were acquired at an average cost of C$160.00 per share, with a total value of C$160,000.00. Corporate insiders own 22.05% of the company's stock.

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.