Extendicare (TSE:EXE) Given New C$30.00 Price Target at Cormark

Extendicare (TSE:EXE) had its target price raised by Cormark from C$25.00 to C$30.00 in a research report issued on Wednesday,BayStreet.CA reports. Cormark’s price objective suggests a potential upside of 44.72% from the company’s current price.

A number of other research firms have also commented on EXE. BMO Capital Markets raised their price target on shares of Extendicare from C$15.00 to C$21.00 in a research report on Monday, November 17th. Cibc World Mkts upgraded shares of Extendicare to a “strong-buy” rating in a research report on Monday, September 22nd. CIBC raised their price objective on Extendicare from C$18.00 to C$22.00 in a research note on Thursday, November 13th. TD Securities upped their target price on Extendicare from C$15.00 to C$19.00 in a research report on Thursday, November 13th. Finally, National Bankshares upped their price objective on shares of Extendicare from C$21.50 to C$24.50 and gave the stock an “outperform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Extendicare currently has a consensus rating of “Buy” and an average price target of C$23.30.

Extendicare Stock Performance

EXE stock traded up C$0.29 during trading hours on Wednesday, hitting C$20.73. 146,352 shares of the stock were exchanged, compared to its average volume of 191,334. Extendicare has a 12 month low of C$9.69 and a 12 month high of C$21.08. The company has a current ratio of 0.62, a quick ratio of 0.98 and a debt-to-equity ratio of 283.02. The firm has a market capitalization of C$1.74 billion, a P/E ratio of 19.56 and a beta of 0.90. The company has a 50-day simple moving average of C$16.85 and a two-hundred day simple moving average of C$14.68.

Extendicare Company Profile

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.