Extendicare Inc. (TSE:EXE) Given Consensus Recommendation of “Buy” by Brokerages

Extendicare Inc. (TSE:EXE) has earned an average rating of “Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$23.86.

A number of analysts have weighed in on EXE shares. TD Securities increased their target price on shares of Extendicare from C$15.00 to C$19.00 in a research report on Thursday, November 13th. BMO Capital Markets raised shares of Extendicare from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$21.00 to C$24.00 in a research note on Thursday, December 4th. Natl Bk Canada upgraded shares of Extendicare to a “strong-buy” rating in a research report on Wednesday, December 3rd. Canaccord Genuity Group boosted their target price on shares of Extendicare from C$20.00 to C$22.50 in a report on Thursday, December 4th. Finally, Royal Bank Of Canada raised shares of Extendicare from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$15.00 to C$25.00 in a research report on Thursday, December 4th.

Extendicare Trading Up 3.0%

Shares of EXE stock opened at C$23.89 on Tuesday. Extendicare has a 1-year low of C$9.69 and a 1-year high of C$24.30. 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 stock has a market cap of C$2.26 billion, a price-to-earnings ratio of 22.54 and a beta of 1.15. The stock has a 50-day moving average of C$22.00 and a 200-day moving average of C$17.22.

About Extendicare

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.