Extendicare (TSE:EXE) Share Price Passes Above 200-Day Moving Average – What’s Next?

Extendicare Inc. (TSE:EXE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.68 and traded as high as C$20.56. Extendicare shares last traded at C$20.44, with a volume of 170,774 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on EXE. BMO Capital Markets lifted their price objective on Extendicare from C$15.00 to C$21.00 in a research note on Monday, November 17th. Cibc World Mkts upgraded shares of Extendicare to a “strong-buy” rating in a research note on Monday, September 22nd. TD Securities boosted their price target on shares of Extendicare from C$15.00 to C$19.00 in a report on Thursday, November 13th. National Bankshares raised their price objective on shares of Extendicare from C$16.10 to C$17.50 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Finally, CIBC lifted their price objective on shares of Extendicare from C$18.00 to C$22.00 in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Extendicare has a consensus rating of “Buy” and a consensus target price of C$19.88.

Extendicare Stock Performance

The company has a market cap of C$1.71 billion, a PE ratio of 19.28 and a beta of 0.90. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. The stock’s 50-day simple moving average is C$16.85 and its 200 day simple moving average is C$14.68.

Extendicare Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were issued a dividend of $0.042 per share. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, October 31st. Extendicare’s dividend payout ratio is currently 46.60%.

Extendicare Company Profile

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.