Extendicare (TSE:EXE) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Extendicare (TSE:EXE) to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on EXE. BMO Capital Markets lifted their price target on shares of Extendicare from C$13.50 to C$14.50 in a research note on Monday, May 12th. National Bankshares set a C$15.40 target price on shares of Extendicare and gave the company an “outperform” rating in a research report on Thursday. Finally, TD Securities upped their price target 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. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Extendicare currently has an average rating of “Moderate Buy” and an average target price of C$13.98.

Extendicare Stock Performance

TSE EXE opened at C$12.91 on Wednesday. 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 capitalization of C$1.08 billion, a price-to-earnings ratio of 16.46 and a beta of 1.26. The stock has a 50-day moving average of C$14.03 and a 200 day moving average of C$12.76. Extendicare has a twelve month low of C$7.34 and a twelve month high of C$15.24.

Extendicare Dividend Announcement

The company also recently disclosed a jul 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be paid a $0.042 dividend. This represents a yield of 3.81%. The ex-dividend date is Thursday, July 31st. Extendicare’s dividend payout ratio is currently 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.