Royal Bank of Canada Raises goeasy (TSE:GSY) Price Target to C$201.00

goeasy (TSE:GSY - Free Report) had its price target increased by Royal Bank of Canada from C$195.00 to C$201.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently weighed in on the stock. Scotiabank upped their price target on shares of goeasy from C$145.00 to C$170.00 and gave the company a sector perform rating in a report on Wednesday, January 31st. Desjardins increased their target price on shares of goeasy from C$185.00 to C$190.00 and gave the stock a buy rating in a report on Monday, April 22nd. BMO Capital Markets upped their price target on shares of goeasy from C$187.00 to C$192.00 and gave the stock an outperform rating in a research report on Thursday, February 15th. Raymond James lifted their price objective on shares of goeasy from C$166.00 to C$200.00 and gave the stock an outperform rating in a research note on Thursday, February 15th. Finally, National Bankshares raised their target price on shares of goeasy from C$190.00 to C$195.00 and gave the company an outperform rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of C$192.56.

goeasy Trading Up 2.0 %

Shares of GSY traded up C$3.60 on Monday, reaching C$180.50. 37,459 shares of the company's stock were exchanged, compared to its average volume of 40,225. The company has a current ratio of 15.62, a quick ratio of 28.46 and a debt-to-equity ratio of 278.25. The stock has a market capitalization of C$3.00 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 0.84 and a beta of 2.03. The business has a 50 day moving average price of C$166.09 and a two-hundred day moving average price of C$150.91. goeasy has a 12 month low of C$87.00 and a 12 month high of C$180.51.

goeasy (TSE:GSY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$3.92 by C$0.09. The firm had revenue of C$338.11 million during the quarter, compared to analysts' expectations of C$340.35 million. goeasy had a net margin of 33.21% and a return on equity of 25.77%. Research analysts anticipate that goeasy will post 16.5811069 earnings per share for the current year.

goeasy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $1.17 dividend. This is an increase from goeasy's previous quarterly dividend of $0.96. This represents a $4.68 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Wednesday, March 27th. goeasy's dividend payout ratio (DPR) is currently 32.32%.

Insider Buying and Selling at goeasy

In other news, Director David Ingram sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total value of C$4,727,400.00. Company insiders own 22.53% 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.