Extendicare Inc. (TSE:EXE) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Extendicare Inc. has been rated a consensus of "Moderate Buy" by analysts, with an average 1-year price target of C$14.92.
• Research firms have recently upgraded Extendicare's rating to "strong-buy", with CIBC setting a price target of C$18.00.
• Extendicare announced a quarterly dividend of $0.042 per share, equating to an annualized dividend yield of 1.1%.

Extendicare Inc. (TSE:EXE - Get Free Report) has been given an average rating of "Moderate Buy" by the seven research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$14.92.

Several research firms recently weighed in on EXE. CIBC set a C$18.00 price objective on shares of Extendicare and gave the stock an "outperform" rating in a report on Monday, September 22nd. National Bank Financial raised shares of Extendicare to a "strong-buy" rating in a research note on Wednesday, July 16th. Cibc World Mkts upgraded Extendicare to a "strong-buy" rating in a research report on Monday, September 22nd. Finally, National Bankshares upped their target price on Extendicare from C$15.45 to C$16.10 and gave the stock an "outperform" rating in a research report on Friday, August 8th.

Extendicare Trading Down 1.7%

Shares of EXE stock opened at C$14.87 on Wednesday. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. Extendicare has a 1 year low of C$8.96 and a 1 year high of C$15.24. The stock has a fifty day moving average of C$13.23 and a two-hundred day moving average of C$13.52. The firm has a market capitalization of C$1.25 billion, a PE ratio of 15.41 and a beta of 0.85.

Extendicare Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were given a dividend of $0.042 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 29th. Extendicare's dividend payout ratio is 50.57%.

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.

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