Extendicare Inc. (TSE:EXE) Receives C$23.86 Consensus Price Target from Brokerages

Shares of Extendicare Inc. (TSE:EXE) have been given an average rating of “Buy” by the eight analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$23.86.

A number of research firms recently commented on EXE. CIBC increased their target price on shares of Extendicare from C$18.00 to C$22.00 in a research report on Thursday, November 13th. Royal Bank Of Canada raised shares of Extendicare from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$15.00 to C$25.00 in a report on Thursday, December 4th. BMO Capital Markets raised Extendicare from a “hold” rating to an “outperform” rating and upped their price target for the stock from C$21.00 to C$24.00 in a research report on Thursday, December 4th. Natl Bk Canada raised Extendicare to a “strong-buy” rating in a research report on Wednesday, December 3rd. Finally, Canaccord Genuity Group boosted their target price on Extendicare from C$20.00 to C$22.50 in a research note on Thursday, December 4th.

Extendicare Price Performance

EXE opened at C$21.89 on Friday. The firm has a market capitalization of C$2.07 billion, a PE ratio of 20.65 and a beta of 1.15. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98. The business’s 50-day moving average is C$20.57 and its two-hundred day moving average is C$16.18. Extendicare has a 1 year low of C$9.69 and a 1 year high of C$23.16.

Extendicare Dividend Announcement

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