Extendicare Inc. (TSE:EXE) Given Consensus Rating of “Buy” by Brokerages

Shares of Extendicare Inc. (TSE:EXE) have been assigned an average rating of “Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$23.86.

Several equities research analysts recently weighed in on EXE shares. CIBC raised their price objective on Extendicare from C$18.00 to C$22.00 in a report on Thursday, November 13th. Cormark lifted their price target on Extendicare from C$25.00 to C$30.00 in a research note on Wednesday, December 3rd. Royal Bank Of Canada upgraded Extendicare from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$15.00 to C$25.00 in a report on Thursday, December 4th. TD Securities raised their price objective on shares of Extendicare from C$15.00 to C$19.00 in a report on Thursday, November 13th. Finally, Natl Bk Canada raised shares of Extendicare to a “strong-buy” rating in a report on Wednesday, December 3rd.

Extendicare Price Performance

EXE stock opened at C$23.89 on Tuesday. The company has a 50 day simple moving average of C$22.00 and a 200 day simple moving average of C$17.22. The stock has a market cap of C$2.26 billion, a price-to-earnings ratio of 22.54 and a beta of 1.15. Extendicare has a 1 year low of C$9.69 and a 1 year high of C$24.30. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98.

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.