Extendicare (TSE:EXE) Sets New 52-Week High - Here's What Happened

Key Points

• Extendicare Inc. reached a new 52-week high with shares trading at C$15.29, up from a previous close of C$15.16, with a trading volume of 50,918 shares.
• Analysts have upgraded Extendicare's stock to a "strong-buy" rating, with price targets ranging from C$14.92 to C$18.00; the consensus rating is "Moderate Buy."
• Extendicare announced a quarterly dividend of $0.042, representing a 1.1% yield and a dividend payout ratio of 50.57%.

Extendicare Inc. (TSE:EXE - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$15.29 and last traded at C$15.29, with a volume of 50918 shares trading hands. The stock had previously closed at C$15.16.

Analyst Ratings Changes

Several equities analysts have recently commented on EXE shares. National Bank Financial raised shares of Extendicare to a "strong-buy" rating in a research note on Wednesday, July 16th. Cibc World Mkts raised shares of Extendicare to a "strong-buy" rating in a research note on Monday, September 22nd. 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. Finally, National Bankshares raised their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$14.92.

Extendicare Trading Up 0.5%

The firm has a market cap of C$1.28 billion, a PE ratio of 15.79 and a beta of 0.85. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02. The stock's fifty day simple moving average is C$13.28 and its two-hundred day simple moving average is C$13.53.

Extendicare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were issued a $0.042 dividend. This represents a $0.17 dividend on an annualized basis and a 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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