Extendicare (TSE:EXE) Price Target Raised to C$30.00

Extendicare (TSE:EXE) had its price target raised by Cormark from C$25.00 to C$30.00 in a research note released on Wednesday,BayStreet.CA reports.

Several other equities research analysts have also issued reports on the stock. CIBC raised their price target on shares of Extendicare from C$18.00 to C$22.00 in a research note on Thursday, November 13th. BMO Capital Markets increased their price objective on Extendicare from C$15.00 to C$21.00 in a report on Monday, November 17th. Cibc World Mkts upgraded Extendicare to a “strong-buy” rating in a research note on Monday, September 22nd. National Bankshares upped their price target on Extendicare from C$21.50 to C$24.50 and gave the company an “outperform” rating in a research report on Wednesday. Finally, TD Securities increased their price target on Extendicare from C$15.00 to C$19.00 in a research note on Thursday, November 13th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Extendicare currently has a consensus rating of “Buy” and a consensus price target of C$23.86.

Extendicare Stock Performance

TSE EXE opened at C$22.33 on Wednesday. The company has a market capitalization of C$1.87 billion, a PE ratio of 21.07 and a beta of 1.11. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. Extendicare has a 52-week low of C$9.69 and a 52-week high of C$22.57. The company has a 50-day simple moving average of C$17.28 and a 200 day simple moving average of C$14.83.

Extendicare Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were given a $0.042 dividend. The ex-dividend date was Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 2.3%. Extendicare’s payout ratio is 46.60%.

About Extendicare

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.