TD Securities Forecasts Strong Price Appreciation for Extendicare (TSE:EXE) Stock

Extendicare (TSE:EXE) had its price target increased by stock analysts at TD Securities from C$9.50 to C$10.50 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 3.55% from the company’s previous close.

Separately, Royal Bank of Canada lifted their price objective on shares of Extendicare from C$8.50 to C$9.50 in a research report on Monday, August 19th.

Extendicare Stock Performance

Shares of TSE EXE opened at C$10.14 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.98 and a debt-to-equity ratio of 305.80. The company has a market capitalization of C$846.39 million, a P/E ratio of 14.91 and a beta of 1.26. Extendicare has a 12 month low of C$6.41 and a 12 month high of C$10.43. The stock has a 50 day moving average of C$9.27 and a 200-day moving average of C$8.15.

About Extendicare

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.