Extendicare (TSE:EXE) Price Target Raised to C$9.00

Extendicare (TSE:EXE) had its target price raised by Royal Bank of Canada from C$8.50 to C$9.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 3.45% from the stock’s current price.

A number of other analysts also recently issued reports on the company. CIBC lifted their target price on Extendicare from C$8.25 to C$8.50 in a research report on Thursday, May 16th. Echelon Wealth Partners raised Extendicare from a “hold” rating to a “buy” rating in a research report on Monday. National Bank Financial lifted their target price on Extendicare from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research report on Friday, May 17th. Finally, TD Securities lifted their target price on Extendicare from C$8.00 to C$8.50 and gave the company a “hold” rating in a research report on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$8.90.

Shares of TSE:EXE traded down C$0.10 during midday trading on Tuesday, reaching C$8.70. The company had a trading volume of 58,484 shares, compared to its average volume of 219,262. The company has a quick ratio of 0.68, a current ratio of 0.76 and a debt-to-equity ratio of 483.66. The business’s 50 day moving average price is C$8.60 and its 200 day moving average price is C$7.99. The stock has a market cap of $782.00 million and a PE ratio of 29.39. Extendicare has a 1-year low of C$5.95 and a 1-year high of C$9.02.

About Extendicare

Extendicare Inc provides care and services for seniors in Canada. The company offers long term care services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management and consulting services to third-party owners.

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Analyst Recommendations for Extendicare (TSE:EXE)

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