National Bankshares Increases Extendicare (TSE:EXE) Price Target to C$29.00

Extendicare (TSE:EXE) had its target price upped by equities research analysts at National Bankshares from C$24.50 to C$29.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 20.88% from the company’s previous close.

EXE has been the topic of a number of other research reports. Cormark increased their price target on Extendicare from C$25.00 to C$30.00 in a research report on Wednesday, December 3rd. Canadian Imperial Bank of Commerce upped their target price on shares of Extendicare from C$18.00 to C$22.00 in a research note on Thursday, November 13th. Royal Bank Of Canada upgraded shares of Extendicare from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$15.00 to C$25.00 in a research note on Thursday, December 4th. TD Securities boosted their price target on shares of Extendicare from C$15.00 to C$19.00 in a report on Thursday, November 13th. Finally, BMO Capital Markets raised shares of Extendicare from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$21.00 to C$24.00 in a research report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$24.50.

Extendicare Stock Performance

Shares of EXE stock opened at C$23.99 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02. Extendicare has a 52 week low of C$10.58 and a 52 week high of C$24.86. The stock has a market capitalization of C$2.27 billion, a PE ratio of 22.63 and a beta of 1.30. The firm has a 50 day moving average of C$22.26 and a two-hundred day moving average of C$17.46.

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.