Royal Bank Of Canada Boosts Extendicare (TSE:EXE) Price Target to C$39.00

Extendicare (TSE:EXE) had its price objective raised by stock analysts at Royal Bank Of Canada from C$38.00 to C$39.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 18.83% from the company’s previous close.

Several other research analysts have also weighed in on the company. BMO Capital Markets increased their price objective on Extendicare from C$30.00 to C$38.00 in a research report on Wednesday, May 13th. Desjardins reduced their target price on Extendicare from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research report on Monday. TD upped their price target on Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a research note on Monday, May 11th. National Bank Financial boosted their price objective on shares of Extendicare from C$34.00 to C$40.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Finally, Canaccord Genuity Group increased their target price on shares of Extendicare from C$37.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$37.00.

Extendicare Trading Up 1.7%

Extendicare stock traded up C$0.55 during midday trading on Friday, hitting C$32.82. 242,880 shares of the stock were exchanged, compared to its average volume of 398,594. The company has a current ratio of 0.75, a quick ratio of 0.98 and a debt-to-equity ratio of 159.54. The stock’s 50-day simple moving average is C$35.30 and its 200 day simple moving average is C$30.52. Extendicare has a fifty-two week low of C$12.64 and a fifty-two week high of C$39.14. The stock has a market capitalization of C$3.12 billion, a price-to-earnings ratio of 25.13 and a beta of 1.59.

Extendicare (TSE:EXE) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. The business had revenue of C$611.04 million during the quarter. Extendicare had a net margin of 6.13% and a return on equity of 36.33%. On average, equities analysts anticipate that Extendicare will post 0.6134729 EPS for the current year.

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.