Extendicare (TSE:EXE) Given New C$13.50 Price Target at BMO Capital Markets

Extendicare (TSE:EXE) had its price objective hoisted by BMO Capital Markets from C$11.00 to C$13.50 in a report issued on Monday morning,BayStreet.CA reports.

A number of other research firms have also recently weighed in on EXE. Royal Bank of Canada lifted their price objective 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. Cormark raised shares of Extendicare to a “moderate buy” rating in a report on Wednesday, February 19th. Finally, TD Securities boosted their target price on shares of Extendicare from C$9.50 to C$10.50 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Three 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 presently has an average rating of “Hold” and an average target price of C$11.50.

Extendicare Price Performance

TSE EXE opened at C$12.59 on Monday. The stock’s fifty day moving average price is C$10.69 and its 200 day moving average price is C$9.76. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98. The company has a market cap of C$1.05 billion, a price-to-earnings ratio of 16.05 and a beta of 1.26. Extendicare has a 1 year low of C$6.63 and a 1 year high of C$12.93.

Extendicare Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, February 28th. This represents a $0.48 annualized dividend and a yield of 3.81%. Extendicare’s dividend payout ratio (DPR) is presently 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.