goeasy (TSE:GSY) Sets New 52-Week Low - Here's Why

Shares of goeasy Ltd. (TSE:GSY - Get Free Report) reached a new 52-week low on Monday . The company traded as low as C$134.01 and last traded at C$135.64, with a volume of 24692 shares. The stock had previously closed at C$141.81.

Analyst Ratings Changes

GSY has been the topic of a number of recent research reports. Jefferies Financial Group decreased 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 decreased their target price for the company from C$207.00 to C$200.00 in a research report on Friday, March 14th. Raymond James raised their price target on shares of goeasy from C$230.00 to C$245.00 in a research note on Tuesday, February 18th. Finally, TD Securities set a C$199.00 price objective on goeasy and gave the company a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$220.60.

goeasy Stock Up 1.3 %

The firm has a market cap of C$2.51 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.84 and a beta of 1.87. The firm's fifty day moving average is C$157.61 and its 200 day moving average is C$168.74. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, April 11th were paid a $1.46 dividend. This is a boost from goeasy's previous quarterly dividend of $1.17. The ex-dividend date was Friday, March 28th. This represents a $5.84 annualized dividend and a yield of 3.90%. goeasy's payout ratio is 28.45%.

goeasy Company Profile

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.