Extendicare (TSE:EXE) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Extendicare (TSE:EXE) had its price objective hoisted by Royal Bank of Canada from C$9.50 to C$11.00 in a research note published on Thursday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, TD Securities increased their price target 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.

Extendicare Stock Up 0.8 %

EXE stock opened at C$10.62 on Thursday. The firm’s fifty day simple moving average is C$9.47 and its 200-day simple moving average is C$8.31. Extendicare has a 12 month low of C$6.63 and a 12 month high of C$10.64. The company has a market capitalization of C$886.45 million, a P/E ratio of 15.62 and a beta of 1.26. The company has a debt-to-equity ratio of 305.80, a current ratio of 0.60 and a quick ratio of 0.98.

Extendicare Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Thursday, October 31st. Extendicare’s payout ratio is 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.