Extendicare (TSE:EXE) Rating Increased to Outperform at Royal Bank Of Canada

Extendicare (TSE:EXE) was upgraded by Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a C$25.00 target price on the stock, up from their prior target price of C$15.00. Royal Bank Of Canada’s price objective points to a potential upside of 12.06% from the stock’s previous close.

EXE has been the topic of several other research reports. National Bankshares raised their target price on Extendicare from C$21.50 to C$24.50 and gave the stock an “outperform” rating in a research report on Wednesday. Natl Bk Canada upgraded shares of Extendicare to a “strong-buy” rating in a research note on Wednesday. TD Securities boosted their price objective on shares of Extendicare from C$15.00 to C$19.00 in a research report on Thursday, November 13th. Cormark upped their target price on shares of Extendicare from C$25.00 to C$30.00 in a report on Wednesday. Finally, CIBC lifted their price target on Extendicare from C$18.00 to C$22.00 in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$23.86.

Extendicare Stock Up 6.3%

TSE EXE traded up C$1.32 on Thursday, hitting C$22.31. 486,993 shares of the stock were exchanged, compared to its average volume of 192,919. Extendicare has a fifty-two week low of C$9.69 and a fifty-two week high of C$22.57. The company has a 50-day moving average price of C$16.98 and a 200-day moving average price of C$14.73. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02. The company has a market cap of C$1.87 billion, a PE ratio of 21.05 and a beta of 0.90.

Extendicare Company Profile

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.