Extendicare (TSE:EXE) Price Target Raised to C$19.00

Extendicare (TSE:EXE) had its price objective boosted by equities research analysts at TD Securities from C$15.00 to C$19.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential downside of 0.05% from the stock’s previous close.

Several other brokerages also recently weighed in on EXE. National Bankshares lifted their target price on shares of Extendicare from C$16.10 to C$17.50 and gave the company an “outperform” rating in a report on Wednesday, October 8th. National Bank Financial raised shares of Extendicare to a “strong-buy” rating in a report on Wednesday, July 16th. Cibc World Mkts raised shares of Extendicare to a “strong-buy” rating in a report on Monday, September 22nd. Finally, CIBC set a C$18.00 price target on Extendicare and gave the stock an “outperform” rating in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$16.80.

Extendicare Stock Performance

Shares of EXE traded up C$0.57 during mid-day trading on Thursday, hitting C$19.01. 536,804 shares of the company’s stock were exchanged, compared to its average volume of 183,374. The firm has a market capitalization of C$1.59 billion, a P/E ratio of 19.70 and a beta of 0.90. Extendicare has a fifty-two week low of C$9.69 and a fifty-two week high of C$19.32. The business’s 50 day moving average is C$14.90 and its two-hundred day moving average is C$14.08. The company has a current ratio of 0.62, a quick ratio of 0.98 and a debt-to-equity ratio of 283.02.

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.