Analysts Set goeasy Ltd. (TSE:GSY) Target Price at C$223.00

goeasy Ltd. (TSE:GSY) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$223.00.

Several equities research analysts have commented on GSY shares. Jefferies Financial Group dropped their price target on shares of goeasy from C$228.00 to C$215.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. BMO Capital Markets upgraded shares of goeasy from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from C$207.00 to C$200.00 in a research report on Friday, March 14th. Finally, Raymond James boosted their target price on goeasy from C$230.00 to C$245.00 in a research report on Tuesday, February 18th.

goeasy Stock Performance

Shares of goeasy stock opened at C$141.81 on Wednesday. The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04. The firm’s 50-day simple moving average is C$162.18 and its 200-day simple moving average is C$170.28. goeasy has a 1 year low of C$140.73 and a 1 year high of C$206.02. The firm has a market cap of C$2.38 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87.

goeasy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, April 11th will be given a $1.46 dividend. This represents a $5.84 annualized dividend and a dividend yield of 4.12%. This is a boost from goeasy’s previous quarterly dividend of $1.17. The ex-dividend date is Friday, March 28th. goeasy’s dividend payout ratio is currently 28.45%.

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.