CIBC Issues Positive Forecast for Extendicare (TSE:EXE) Stock Price

Extendicare (TSE:EXE) had its price target hoisted by stock analysts at CIBC from C$18.00 to C$22.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 15.73% from the stock’s previous close.

EXE has been the topic of a number of other reports. TD Securities lifted their price objective on Extendicare from C$15.00 to C$19.00 in a research report on Thursday. Cibc World Mkts raised Extendicare to a “strong-buy” rating in a report on Monday, September 22nd. National Bankshares lifted their price objective on shares of Extendicare from C$16.10 to C$17.50 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Finally, National Bank Financial upgraded shares of Extendicare to a “strong-buy” rating in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$16.80.

Extendicare Stock Performance

Shares of EXE traded up C$0.57 on Thursday, reaching C$19.01. The company’s stock had a trading volume of 536,804 shares, compared to its average volume of 183,374. 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 has a 12-month low of C$9.69 and a 12-month high of C$19.32. The stock has a market capitalization of C$1.59 billion, a P/E ratio of 19.70 and a beta of 0.90. The stock’s 50 day simple moving average is C$14.90 and its two-hundred day simple moving average is C$14.08.

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.