Extendicare (TSE:EXE) Reaches New 12-Month High - What's Next?

Extendicare Inc. (TSE:EXE - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as C$13.13 and last traded at C$13.08, with a volume of 67465 shares. The stock had previously closed at C$13.04.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. TD Securities boosted their target price on Extendicare from C$10.50 to C$13.00 and gave the company a "hold" rating in a research report on Monday, March 3rd. Cormark raised Extendicare to a "moderate buy" rating in a research note on Wednesday, February 19th. Royal Bank of Canada boosted their price target on shares of Extendicare from C$9.50 to C$11.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 28th. Finally, BMO Capital Markets increased their price target on shares of Extendicare from C$11.00 to C$13.50 in a research report on Monday, March 3rd.

Extendicare Stock Down 1.1 %

The business has a 50-day simple moving average of C$11.09 and a 200-day simple moving average of C$10.05. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 16.26 and a beta of 1.26.

Extendicare Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Friday, February 28th. Extendicare's dividend payout ratio (DPR) is presently 61.20%.

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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.