Extendicare (TSE:EXE) Raised to “Moderate Buy” at Cormark

Extendicare (TSE:EXE) was upgraded by investment analysts at Cormark to a “moderate buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms have also weighed in on EXE. Royal Bank of Canada raised their target price on Extendicare from C$9.50 to C$11.00 and gave the company a “sector perform” rating in a report on Thursday, November 28th. BMO Capital Markets set a C$11.00 price objective on Extendicare and gave the company a “market perform” rating in a research note on Thursday, January 30th. Finally, TD Securities lifted their price objective on shares of Extendicare from C$9.50 to C$10.50 and gave the stock a “hold” rating in a report on Thursday, November 14th. 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 currently has a consensus rating of “Hold” and an average price target of C$10.25.

Extendicare Price Performance

Shares of TSE EXE opened at C$11.53 on Wednesday. The stock has a market cap of C$962.37 million, a price-to-earnings ratio of 14.70 and a beta of 1.26. 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 has a fifty-two week low of C$6.63 and a fifty-two week high of C$11.71. The firm’s 50-day simple moving average is C$10.50 and its 200 day simple moving average is C$9.59.

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.