Extendicare Inc. (TSE:EXE) Receives Average Rating of “Buy” from Brokerages

Shares of Extendicare Inc. (TSE:EXE) have received an average rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$23.86.

A number of analysts recently weighed in on EXE shares. Cibc World Mkts raised shares of Extendicare to a “strong-buy” rating in a report on Monday, September 22nd. TD Securities upped their price target on shares of Extendicare from C$15.00 to C$19.00 in a report on Thursday, November 13th. Canaccord Genuity Group increased their price objective on Extendicare from C$20.00 to C$22.50 in a research report on Thursday, December 4th. Cormark lifted their price objective on Extendicare from C$25.00 to C$30.00 in a research note on Wednesday, December 3rd. Finally, National Bankshares boosted their target price on Extendicare from C$21.50 to C$24.50 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd.

Extendicare Trading Up 2.9%

Shares of Extendicare stock opened at C$22.00 on Friday. Extendicare has a 12-month low of C$9.69 and a 12-month high of C$23.16. The company has a market cap of C$2.08 billion, a price-to-earnings ratio of 20.75 and a beta of 1.15. 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 company’s 50-day moving average price is C$20.46 and its 200-day moving average price is C$16.10.

Extendicare Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a $0.042 dividend. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, October 31st. Extendicare’s dividend payout ratio is 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.