Extendicare Inc. (TSE:EXE) Receives C$18.10 Consensus PT from Analysts

Extendicare Inc. (TSE:EXE) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$18.10.

A number of equities analysts recently issued reports on the company. TD Securities upped their price target on Extendicare from C$15.00 to C$19.00 in a report on Thursday, November 13th. Cibc World Mkts upgraded shares of Extendicare to a “strong-buy” rating in a research report on Monday, September 22nd. National Bankshares increased their target price on shares of Extendicare from C$16.10 to C$17.50 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. BMO Capital Markets lifted their price target on shares of Extendicare from C$15.00 to C$21.00 in a research note on Monday, November 17th. Finally, CIBC boosted their price target on shares of Extendicare from C$18.00 to C$22.00 in a research report on Thursday, November 13th.

Extendicare Trading Up 1.6%

TSE:EXE opened at C$20.25 on Thursday. The stock has a 50-day simple moving average of C$15.85 and a 200-day simple moving average of C$14.37. The stock has a market cap of C$1.70 billion, a P/E ratio of 19.10 and a beta of 0.90. Extendicare has a 1 year low of C$9.69 and a 1 year high of C$20.61. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62.

Extendicare Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were issued a $0.042 dividend. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, October 31st. Extendicare’s payout ratio is presently 46.60%.

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.