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

Extendicare (TSE:EXE) had its target price boosted by TD Securities from C$10.50 to C$13.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

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

Extendicare Price Performance

EXE opened at C$12.59 on Monday. The stock has a market capitalization of C$1.05 billion, a PE ratio of 16.05 and a beta of 1.26. The company’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. 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 business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a $0.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.81%. Extendicare’s dividend payout ratio is currently 61.20%.

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.