Extendicare (TSE:EXE) PT Raised to C$9.50

Extendicare (TSE:EXE) had its price target upped by research analysts at TD Securities from C$9.00 to C$9.50 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 6.98% from the company’s previous close.

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 Price Performance

TSE EXE opened at C$8.88 on Wednesday. Extendicare has a fifty-two week low of C$5.75 and a fifty-two week high of C$9.16. The stock’s 50-day moving average is C$7.80 and its two-hundred day moving average is C$7.51. The company has a debt-to-equity ratio of 305.80, a current ratio of 0.60 and a quick ratio of 0.98. The firm has a market cap of C$741.21 million, a P/E ratio of 13.06 and a beta of 1.26.

Extendicare (TSE:EXE) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.29 EPS for the quarter. Extendicare had a return on equity of 60.00% and a net margin of 4.28%. The business had revenue of C$348.48 million for the quarter, compared to analyst estimates of C$360.20 million.

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.