Extendicare (TSE:EXE) Price Target Increased to C$9.50 by Analysts at TD Securities

Extendicare (TSE:EXE) had its target price upped by TD Securities from C$9.00 to C$9.50 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

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

Extendicare Stock Down 0.5 %

Shares of EXE opened at C$8.84 on Wednesday. The company has a debt-to-equity ratio of 305.80, a quick ratio of 0.98 and a current ratio of 0.60. Extendicare has a 52 week low of C$5.75 and a 52 week high of C$9.16. The stock has a market capitalization of C$737.87 million, a price-to-earnings ratio of 13.00 and a beta of 1.26. The stock has a fifty day moving average of C$7.83 and a 200-day moving average of C$7.52.

Extendicare (TSE:EXE) last posted its earnings results on Monday, August 12th. The company reported C$0.29 EPS for the quarter. Extendicare had a return on equity of 60.00% and a net margin of 4.28%. The firm had revenue of C$348.48 million during the quarter, compared to the consensus estimate of C$360.20 million.

Extendicare Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Friday, August 30th. Extendicare’s payout ratio is presently 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.