Extendicare (TSE:EXE) Given New C$13.00 Price Target at TD Securities

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

Several other equities analysts also recently commented on EXE. BMO Capital Markets raised their target price on Extendicare from C$11.00 to C$13.50 in a research report on Monday. Cormark upgraded shares of Extendicare to a “moderate buy” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada increased their target price on shares of Extendicare from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 28th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$11.50.

Extendicare Stock Performance

EXE opened at C$12.59 on Monday. The stock has a market cap of C$1.05 billion, a PE ratio of 16.05 and a beta of 1.26. 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 stock’s 50 day simple moving average is C$10.69 and its 200-day simple moving average is C$9.76. Extendicare has a 1 year low of C$6.63 and a 1 year high of C$12.93.

Extendicare Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend 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.