Extendicare (TSE:EXE) Price Target Raised to C$15.00 at TD Securities

Extendicare (TSE:EXE) had its price target lifted by TD Securities from C$13.00 to C$15.00 in a report released on Thursday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets raised their price objective on Extendicare from C$13.50 to C$14.50 in a research report on Monday, May 12th. Cormark upgraded Extendicare to a “moderate buy” rating in a research report on Wednesday, February 19th.

Extendicare Price Performance

Shares of EXE opened at C$14.25 on Thursday. Extendicare has a 1 year low of C$7.10 and a 1 year high of C$15.24. 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 capitalization of C$1.19 billion, a price-to-earnings ratio of 18.17 and a beta of 1.26. The business has a 50-day moving average of C$13.51 and a 200-day moving average of C$11.73.

Extendicare Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be paid a dividend of $0.042 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.50 annualized dividend and a yield of 3.54%. 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.