Extendicare (TSE:EXE) Given New C$11.00 Price Target at Royal Bank of Canada

Extendicare (TSE:EXE) had its price target boosted by Royal Bank of Canada from C$9.50 to C$11.00 in a report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, TD Securities boosted their price target on shares of Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a research note on Thursday, November 14th.

Extendicare Trading Up 0.4 %

TSE EXE opened at C$10.62 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.60 and a debt-to-equity ratio of 305.80. Extendicare has a 52 week low of C$6.63 and a 52 week high of C$10.68. The business has a 50 day moving average price of C$9.53 and a 200-day moving average price of C$8.35. The company has a market cap of C$886.45 million, a price-to-earnings ratio of 15.62 and a beta of 1.26.

Extendicare Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date was Thursday, October 31st. Extendicare’s dividend payout ratio is currently 70.59%.

About Extendicare

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.