Extendicare (TSE:EXE) Reaches New 1-Year High - Should You Buy?

Extendicare Inc. (TSE:EXE - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$11.35 and last traded at C$11.31, with a volume of 84376 shares trading hands. The stock had previously closed at C$11.12.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXE. Cormark raised shares of Extendicare to a "moderate buy" rating in a research report on Wednesday. TD Securities upped their target price 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. Royal Bank of Canada upped their target price on shares of Extendicare from C$9.50 to C$11.00 and gave the stock a "sector perform" rating in a report on Thursday, November 28th. Finally, BMO Capital Markets set a C$11.00 target price on shares of Extendicare and gave the stock a "market perform" rating in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Extendicare has an average rating of "Hold" and a consensus price target of C$10.25.

Extendicare Stock Down 0.7 %

The stock's fifty day moving average is C$10.53 and its two-hundred day moving average is C$9.60. The company has a current ratio of 0.62, a quick ratio of 0.98 and a debt-to-equity ratio of 283.02. The firm has a market cap of C$955.70 million, a P/E ratio of 14.60 and a beta of 1.26.

Extendicare Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Friday, February 28th. Extendicare's payout ratio is 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.