Extendicare (TSE:EXE) Given a C$18.00 Price Target at CIBC

Key Points

• CIBC has set a target price of C$18.00 for Extendicare (TSE:EXE), indicating a potential upside of 28.21% based on the stock's previous close.
• The company's stock has recently risen by 4.6% and is currently trading at C$14.04, with an average price target across analysts of C$14.92.
• Extendicare is the largest private-sector owner and operator of long-term care homes in Canada and offers publicly funded home health care services.

CIBC set a C$18.00 price target on Extendicare (TSE:EXE - Free Report) in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. National Bank Financial upgraded shares of Extendicare to a "strong-buy" rating in a research report on Wednesday, July 16th. National Bankshares raised their target price on shares of Extendicare from C$15.45 to C$16.10 and gave the stock an "outperform" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$14.92.

Extendicare Price Performance

TSE EXE traded up C$0.23 on Monday, hitting C$14.30. 92,272 shares of the company were exchanged, compared to its average volume of 179,762. The company has a market cap of C$1.20 billion, a P/E ratio of 14.82 and a beta of 0.85. The company has a current ratio of 0.62, a quick ratio of 0.98 and a debt-to-equity ratio of 283.02. Extendicare has a 1-year low of C$8.96 and a 1-year high of C$15.24. The firm has a 50 day moving average of C$13.02 and a two-hundred day moving average of C$13.45.

Extendicare Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were given a $0.042 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 29th. Extendicare's payout ratio 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.