Extendicare Inc. (TSE:EXE) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Extendicare Inc. (TSE:EXE) have been given an average rating of “Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$23.86.

EXE has been the topic of a number of recent analyst reports. Canaccord Genuity Group lifted their price objective on Extendicare from C$20.00 to C$22.50 in a research note on Thursday, December 4th. CIBC raised their target price on Extendicare from C$18.00 to C$22.00 in a report on Thursday, November 13th. Natl Bk Canada raised Extendicare to a “strong-buy” rating in a research report on Wednesday, December 3rd. BMO Capital Markets upgraded 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 report on Thursday, December 4th. Finally, Royal Bank Of Canada raised Extendicare from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$15.00 to C$25.00 in a research report on Thursday, December 4th.

Extendicare Stock Performance

Shares of EXE opened at C$22.36 on Monday. The company has a market capitalization of C$2.11 billion, a PE ratio of 21.09 and a beta of 1.11. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98. Extendicare has a one year low of C$9.69 and a one year high of C$23.16. The company’s fifty day moving average price is C$18.03 and its 200 day moving average price is C$15.13.

Extendicare Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were given a $0.042 dividend. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date 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.