Extendicare (TSE:EXE) Raised to “Outperform” at BMO Capital Markets

Extendicare (TSE:EXE) was upgraded by equities research analysts at BMO Capital Markets from a “hold” rating to an “outperform” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a C$24.00 price objective on the stock, up from their previous price objective of C$21.00. BMO Capital Markets’ price target would indicate a potential upside of 7.48% from the company’s current price.

Several other equities analysts have also recently weighed in on EXE. Cormark lifted their price objective on Extendicare from C$25.00 to C$30.00 in a report on Wednesday. Natl Bk Canada upgraded shares of Extendicare to a “strong-buy” rating in a report on Wednesday. Cibc World Mkts raised shares of Extendicare to a “strong-buy” rating in a research note on Monday, September 22nd. Royal Bank Of Canada raised shares of Extendicare from a “hold” rating to a “moderate buy” rating and increased their price objective for the stock from C$15.00 to C$25.00 in a research report on Thursday. Finally, Canaccord Genuity Group raised their price objective on shares of Extendicare from C$20.00 to C$22.50 in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$23.86.

Extendicare Stock Performance

EXE stock opened at C$22.33 on Thursday. Extendicare has a 1-year low of C$9.69 and a 1-year high of C$22.57. The company has a current ratio of 0.62, a quick ratio of 0.98 and a debt-to-equity ratio of 283.02. The firm has a market cap of C$1.87 billion, a PE ratio of 21.07 and a beta of 1.11. The business’s 50-day moving average price is C$17.28 and its two-hundred day moving average price is C$14.83.

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.