TD Securities Issues Positive Forecast for Extendicare (TSE:EXE) Stock Price

Extendicare (TSE:EXE) had its target price increased by TD Securities from C$10.50 to C$13.00 in a research report released on Monday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages have also weighed in on EXE. Cormark upgraded Extendicare to a “moderate buy” rating in a research report on Wednesday, February 19th. BMO Capital Markets raised their price target on Extendicare from C$11.00 to C$13.50 in a report on Monday. Finally, Royal Bank of Canada upped their price objective on Extendicare from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a report on Thursday, November 28th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$11.50.

Extendicare Trading Up 1.6 %

Shares of Extendicare stock opened at C$13.08 on Monday. Extendicare has a fifty-two week low of C$6.63 and a fifty-two week high of C$13.12. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. The company has a market capitalization of C$1.09 billion, a P/E ratio of 16.68 and a beta of 1.26. The company has a fifty day moving average of C$10.79 and a 200 day moving average of C$9.83.

Extendicare Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, February 28th. Extendicare’s dividend payout ratio is currently 61.20%.

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.