Extendicare (TSE:EXE) Price Target Raised to C$13.00

Extendicare (TSE:EXE) had its price objective hoisted by TD Securities from C$10.50 to C$13.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other research analysts have also recently weighed in on EXE. Royal Bank of Canada boosted their price objective on shares of Extendicare from C$9.50 to C$11.00 and gave the company a “sector perform” rating in a report on Thursday, November 28th. BMO Capital Markets raised their price target on Extendicare from C$11.00 to C$13.50 in a research note on Monday. Finally, Cormark upgraded Extendicare to a “moderate buy” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$11.50.

Extendicare Trading Up 1.6 %

Shares of TSE:EXE opened at C$13.08 on Monday. Extendicare has a 1 year low of C$6.63 and a 1 year high of C$13.12. The stock’s fifty day moving average price is C$10.79 and its 200-day moving average price is C$9.83. The company has a market cap of C$1.09 billion, a P/E ratio of 16.68 and a beta of 1.26. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98.

Extendicare Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Friday, February 28th. Extendicare’s payout ratio is 61.20%.

Extendicare Company Profile

Extendicare Inc, operating solely in Canada, is the largest private-sector owner and operator of long-term care (LTC”) homes and one of the largest private-sector providers of publicly funded home health care services.