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

CIBC set a C$18.00 target price on Extendicare (TSE:EXE) in a research report sent to investors on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

EXE has been the subject of a number of other research reports. National Bankshares raised their price objective on shares of Extendicare from C$15.45 to C$16.10 and gave the company an “outperform” rating in a report on Friday, August 8th. National Bank Financial upgraded shares of Extendicare to a “strong-buy” rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$14.92.

Extendicare Stock Up 4.8%

Shares of TSE EXE opened at C$14.07 on Monday. The company has a 50 day simple moving average of C$13.02 and a 200 day simple moving average of C$13.45. The firm has a market cap of C$1.18 billion, a PE ratio of 14.58 and a beta of 0.85. Extendicare has a 1 year low of C$8.96 and a 1 year high of C$15.24. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98.

Extendicare Dividend Announcement

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