Extendicare (TSE:EXE) Hits New 12-Month High - Here's Why

Key Points

• Extendicare Inc.'s stock reached a new 52-week high of C$15.35, with a last trading price of C$15.30.
• Several research firms have recently upgraded their price targets for Extendicare, with National Bankshares setting a target of C$17.50 and CIBC at C$18.00, both rating the stock as "outperform."
• The company announced a monthly dividend of $0.042, translating to an annual yield of 3.3%, with the ex-dividend date set for October 31st.

Extendicare Inc. (TSE:EXE - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as C$15.35 and last traded at C$15.30, with a volume of 108403 shares traded. The stock had previously closed at C$14.97.

Analyst Ratings Changes

A number of research firms recently issued reports on EXE. National Bankshares upped their price target on shares of Extendicare from C$16.10 to C$17.50 and gave the company an "outperform" rating in a research note on Wednesday, October 8th. CIBC set a C$18.00 price target on shares of Extendicare and gave the company an "outperform" rating in a research note on Monday, September 22nd. Cibc World Mkts raised shares of Extendicare to a "strong-buy" rating in a research note on Monday, September 22nd. Finally, National Bank Financial raised shares of Extendicare to a "strong-buy" rating in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$15.20.

Extendicare Stock Up 2.9%

The company's fifty day moving average price is C$13.83 and its 200-day moving average price is C$13.69. The stock has a market cap of C$1.29 billion, a P/E ratio of 15.97 and a beta of 0.88. 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 17th will be paid a $0.042 dividend. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, October 31st. Extendicare's dividend payout ratio (DPR) is currently 50.57%.

Extendicare Company Profile

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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