TD Securities Forecasts Strong Price Appreciation for Extendicare (TSE:EXE) Stock

Extendicare (TSE:EXE) had its target price raised by TD Securities from C$9.50 to C$10.50 in a research report released on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

Separately, Royal Bank of Canada lifted their price objective on Extendicare from C$8.50 to C$9.50 in a report on Monday, August 19th.

Extendicare Stock Up 1.3 %

Shares of TSE EXE opened at C$10.14 on Thursday. The company has a debt-to-equity ratio of 305.80, a quick ratio of 0.98 and a current ratio of 0.60. Extendicare has a 1 year low of C$6.41 and a 1 year high of C$10.43. The stock’s 50-day simple moving average is C$9.27 and its 200-day simple moving average is C$8.16. The firm has a market cap of C$846.39 million, a price-to-earnings ratio of 14.91 and a beta of 1.26.

Extendicare Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.73%. Extendicare’s dividend payout ratio (DPR) is 70.59%.

About Extendicare

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.