TD Securities Increases Extendicare (TSE:EXE) Price Target to C$13.00

Extendicare (TSE:EXE - Free Report) had its target price hoisted by TD Securities from C$10.50 to C$13.00 in a research note published on Monday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other analysts have also weighed in on EXE. Cormark raised Extendicare to a "moderate buy" rating in a research note on Wednesday, February 19th. Royal Bank of Canada boosted 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 research report on Thursday, November 28th. Finally, BMO Capital Markets raised their target price on Extendicare from C$11.00 to C$13.50 in a research note on Monday. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$11.50.

Extendicare Price Performance

TSE:EXE traded up C$0.08 during mid-day trading on Monday, reaching C$13.09. The stock had a trading volume of 101,821 shares, compared to its average volume of 184,593. The stock has a market capitalization of C$1.09 billion, a P/E ratio of 16.69 and a beta of 1.26. Extendicare has a one year low of C$6.83 and a one year high of C$13.12. The firm has a 50 day moving average price of C$10.89 and a two-hundred day moving average price of C$9.90. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62.

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Extendicare Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, February 28th. Extendicare's dividend payout ratio is currently 61.20%.

About Extendicare

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.