Royal Bank of Canada Forecasts Strong Price Appreciation for Extendicare (TSE:EXE) Stock

Extendicare (TSE:EXE) had its price target lifted by equities research analysts at Royal Bank of Canada from C$9.50 to C$11.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 3.58% from the company’s current price.

Separately, TD Securities upped their target price on Extendicare from C$9.50 to C$10.50 and gave the stock a “hold” rating in a research report on Thursday, November 14th.

Extendicare Price Performance

Shares of TSE:EXE opened at C$10.62 on Thursday. The stock has a market capitalization of C$886.45 million, a P/E ratio of 15.62 and a beta of 1.26. The business has a 50-day moving average of C$9.53 and a two-hundred day moving average of C$8.34. Extendicare has a fifty-two week low of C$6.63 and a fifty-two week high of C$10.68. The company has a debt-to-equity ratio of 305.80, a current ratio of 0.60 and a quick ratio of 0.98.

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.