Extendicare (TSE:EXE) Stock Price Expected to Rise, National Bankshares Analyst Says

Key Points

• Analysts at National Bankshares have raised Extendicare's target price from C$15.45 to C$16.10, indicating a potential upside of 22.71% from the previous close.
• Extendicare holds a consensus rating of "Moderate Buy" with varying target prices from different analysts, reflecting a mix of outlooks on the stock.
• The company's stock traded at C$13.12, showing an increase of C$0.45 during midday trading, with a 12-month price range from C$7.58 to C$15.24.

Extendicare (TSE:EXE - Free Report) had its target price boosted by National Bankshares from C$15.45 to C$16.10 in a research report released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. TD Securities lifted their price objective on shares of Extendicare from C$13.00 to C$15.00 and gave the stock a "hold" rating in a research report on Thursday, May 22nd. National Bank Financial raised shares of Extendicare to a "strong-buy" rating in a research report on Wednesday, July 16th. Finally, BMO Capital Markets boosted their target price on shares of Extendicare from C$13.50 to C$14.50 in a research report on Monday, May 12th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$14.15.

Extendicare Stock Performance

EXE stock traded up C$0.03 during midday trading on Friday, reaching C$13.59. 23,378 shares of the company were exchanged, compared to its average volume of 186,462. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98. The business has a 50-day moving average price of C$13.44 and a two-hundred day moving average price of C$13.07. Extendicare has a one year low of C$8.15 and a one year high of C$15.24. The firm has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 17.33 and a beta of 1.26.

Extendicare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.042 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 1.2%. Extendicare's dividend payout ratio (DPR) is presently 61.20%.

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.