Extendicare (TSE:EXE) Price Target Raised to C$11.00

Extendicare (TSE:EXE) had its price objective increased by Royal Bank of Canada from C$9.50 to C$11.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, TD Securities boosted their price objective on shares of Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a report on Thursday, November 14th.

Extendicare Stock Up 0.4 %

EXE stock opened at C$10.62 on Thursday. The stock has a market capitalization of C$886.45 million, a PE ratio of 15.62 and a beta of 1.26. Extendicare has a 52 week low of C$6.63 and a 52 week high of C$10.68. The company has a quick ratio of 0.98, a current ratio of 0.60 and a debt-to-equity ratio of 305.80. The firm has a 50 day moving average of C$9.53 and a 200 day moving average of C$8.35.

Extendicare Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.48 annualized dividend and a yield of 4.52%. Extendicare’s dividend payout ratio (DPR) is presently 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.