Extendicare (TSE:EXE) Upgraded by Cibc World Mkts to Strong-Buy Rating

Key Points

• Extendicare (TSE:EXE) has been upgraded to a "strong-buy" rating by Cibc World Markets, reflecting increased analyst confidence in the stock.
• Multiple analysts have recently rated Extendicare positively, with a current consensus rating of "Moderate Buy" and an average price target of C$14.92.
• The company's stock price is currently C$14.25, showing a 0.2% decline on the day, with a market cap of C$1.19 billion.

Extendicare (TSE:EXE - Get Free Report) was upgraded by stock analysts at Cibc World Mkts to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on EXE. National Bank Financial upgraded Extendicare to a "strong-buy" rating in a research note on Wednesday, July 16th. CIBC set a C$18.00 price target on Extendicare and gave the company an "outperform" rating in a research note on Monday. Finally, National Bankshares increased their price target on Extendicare from C$15.45 to C$16.10 and gave the company an "outperform" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Extendicare currently has a consensus rating of "Moderate Buy" and an average price target of C$14.92.

Extendicare Stock Down 0.2%

EXE opened at C$14.25 on Monday. Extendicare has a 1-year low of C$8.96 and a 1-year high of C$15.24. The stock's fifty day simple moving average is C$13.08 and its 200 day simple moving average is C$13.46. The company has a current ratio of 0.62, a quick ratio of 0.98 and a debt-to-equity ratio of 283.02. The stock has a market cap of C$1.19 billion, a PE ratio of 14.77 and a beta of 0.85.

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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