Extendicare (TSE:EXE) Price Target Raised to C$10.50

Extendicare (TSE:EXE) had its price target boosted by TD Securities from C$9.50 to C$10.50 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Separately, Royal Bank of Canada increased their target price on Extendicare from C$8.50 to C$9.50 in a report on Monday, August 19th.

Extendicare Price Performance

Shares of TSE:EXE opened at C$10.14 on Thursday. The firm has a market capitalization of C$846.39 million, a PE ratio of 14.91 and a beta of 1.26. The company has a current ratio of 0.60, a quick ratio of 0.98 and a debt-to-equity ratio of 305.80. The business’s 50 day moving average is C$9.27 and its 200-day moving average is C$8.15. Extendicare has a 1-year low of C$6.41 and a 1-year high of C$10.43.

Extendicare Dividend Announcement

The company also recently disclosed 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. This represents a $0.48 annualized dividend and a yield of 4.73%. The ex-dividend date was Thursday, October 31st. Extendicare’s dividend payout ratio is 70.59%.

About Extendicare

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.