Extendicare (TSE:EXE) Price Target Raised to C$11.00

Extendicare (TSE:EXE) had its price target hoisted by Royal Bank of Canada from C$9.50 to C$11.00 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, TD Securities boosted their price target 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.

Extendicare Stock Up 0.4 %

Extendicare stock opened at C$10.62 on Thursday. The company has a debt-to-equity ratio of 305.80, a current ratio of 0.60 and a quick ratio of 0.98. The stock has a market capitalization of C$886.45 million, a PE ratio of 15.62 and a beta of 1.26. The business has a 50 day simple moving average of C$9.53 and a 200-day simple moving average of C$8.35. Extendicare has a 12 month low of C$6.63 and a 12 month high of C$10.68.

Extendicare Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.52%. Extendicare’s payout ratio is currently 70.59%.

Extendicare Company Profile

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.