Extendicare (TSE:EXE) Price Target Raised to C$21.00

Extendicare (TSE:EXE) had its price target boosted by BMO Capital Markets from C$15.00 to C$21.00 in a report published on Monday,BayStreet.CA reports.

A number of other research analysts have also recently issued reports on EXE. CIBC lifted their price target on shares of Extendicare from C$18.00 to C$22.00 in a research report on Thursday, November 13th. National Bankshares raised their target price on shares of Extendicare from C$16.10 to C$17.50 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Cibc World Mkts upgraded shares of Extendicare to a “strong-buy” rating in a report on Monday, September 22nd. Finally, TD Securities upped their price target on Extendicare from C$15.00 to C$19.00 in a research note on Thursday, November 13th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$18.10.

Extendicare Price Performance

EXE opened at C$20.55 on Monday. The stock has a fifty day simple moving average of C$15.58 and a two-hundred day simple moving average of C$14.29. The company has a current ratio of 0.62, a quick ratio of 0.98 and a debt-to-equity ratio of 283.02. The company has a market cap of C$1.72 billion, a price-to-earnings ratio of 19.39 and a beta of 0.90. Extendicare has a 12-month low of C$9.69 and a 12-month high of C$20.61.

Extendicare Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a $0.042 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) annualized dividend and a yield of 2.5%. Extendicare’s dividend payout ratio is 46.60%.

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.