Extendicare Inc. (TSE:EXE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Extendicare Inc. (TSE:EXE) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$14.92.

Several research firms recently weighed in on EXE. 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. National Bank Financial raised shares of Extendicare to a “strong-buy” rating in a research note on Wednesday, July 16th. Cibc World Mkts upgraded Extendicare to a “strong-buy” rating in a research report on Monday, September 22nd. Finally, National Bankshares upped their target price on Extendicare from C$15.45 to C$16.10 and gave the stock an “outperform” rating in a research report on Friday, August 8th.

Extendicare Trading Down 1.7%

Shares of EXE stock opened at C$14.87 on Wednesday. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. Extendicare has a 1 year low of C$8.96 and a 1 year high of C$15.24. The stock has a fifty day moving average of C$13.23 and a two-hundred day moving average of C$13.52. The firm has a market capitalization of C$1.25 billion, a PE ratio of 15.41 and a beta of 0.85.

Extendicare Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders 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 dividend 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.