Extendicare Rating Increased to Sector Perform at CIBC (EXE)
Extendicare (TSE:EXE) was upgraded by stock analysts at CIBC to a “sector perform” rating in a report issued on Monday. The firm currently has a C$8.75 price objective on the stock, up from their previous price objective of C$6.75. CIBC’s price target would suggest a potential upside of 8.29% from the company’s current price.
Separately, analysts at TD Securities raised their price target on shares of Extendicare from C$7.50 to C$8.00 in a research note on Friday. They now have a “hold” rating on the stock.
Shares of Extendicare (TSE:EXE) opened at 8.08 on Monday. Extendicare has a 52-week low of $6.12 and a 52-week high of $8.14. The stock’s 50-day moving average is $7.3 and its 200-day moving average is $7.09. The company has a market cap of $707.7 million and a price-to-earnings ratio of 131.83.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.04 per share. This represents a yield of 6.71%. The ex-dividend date of this dividend is Tuesday, July 29th.
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