goeasy (TSE:GSY) Sets New 52-Week Low After Analyst Downgrade

goeasy Ltd. (TSE:GSY) reached a new 52-week low during trading on Thursday after TD Securities lowered their price target on the stock from C$210.00 to C$160.00. TD Securities currently has a buy rating on the stock. goeasy traded as low as C$132.62 and last traded at C$133.24, with a volume of 65676 shares. The stock had previously closed at C$161.76.

A number of other research analysts have also recently commented on GSY. Raymond James Financial cut their price target on shares of goeasy from C$226.00 to C$208.00 in a report on Thursday. BMO Capital Markets dropped their target price on shares of goeasy from C$232.00 to C$226.00 in a research note on Thursday. National Bankshares decreased their price target on shares of goeasy from C$265.00 to C$245.00 in a research note on Thursday. Royal Bank Of Canada lowered their price target on goeasy from C$194.00 to C$156.00 in a report on Friday. Finally, Jefferies Financial Group reduced their price objective on goeasy from C$230.00 to C$225.00 in a report on Tuesday. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$206.88.

goeasy Price Performance

The company has a market cap of C$2.08 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.84 and a beta of 0.92. The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63. The firm has a 50 day simple moving average of C$178.04 and a 200-day simple moving average of C$173.21.

goeasy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, October 10th were issued a dividend of $1.46 per share. This represents a $5.84 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, September 26th. goeasy’s dividend payout ratio is currently 40.48%.

goeasy Company Profile

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.