Analysts Set Extendicare Inc. (TSE:EXE) PT at C$14.15

Shares of Extendicare Inc. (TSE:EXE) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$14.15.

A number of analysts have recently commented on the stock. TD Securities boosted their price objective on shares of Extendicare from C$13.00 to C$15.00 and gave the stock a “hold” rating in a research report on Thursday, May 22nd. BMO Capital Markets upped their price objective on shares of Extendicare from C$13.50 to C$14.50 in a report on Monday, May 12th. National Bank Financial raised shares of Extendicare to a “strong-buy” rating in a research report on Wednesday, July 16th. Finally, National Bankshares upped their price objective on shares of Extendicare from C$15.45 to C$16.10 and gave the stock an “outperform” rating in a research report on Friday, August 8th.

Extendicare Stock Up 0.1%

Extendicare stock opened at C$13.48 on Tuesday. The company’s 50 day simple moving average is C$13.40 and its 200 day simple moving average is C$13.09. Extendicare has a fifty-two week low of C$8.17 and a fifty-two week high of C$15.24. The firm has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 17.19 and a beta of 1.26. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98.

Extendicare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.042 dividend. This represents a $0.17 annualized dividend and a yield of 1.2%. Extendicare’s 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.