Extendicare (TSE:EXE) Given New C$13.50 Price Target at BMO Capital Markets

Extendicare (TSE:EXE) had its price objective upped by BMO Capital Markets from C$11.00 to C$13.50 in a research note issued to investors on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also weighed in on EXE. Cormark upgraded Extendicare to a “moderate buy” rating in a research note on Wednesday, February 19th. TD Securities boosted their price objective on Extendicare from C$9.50 to C$10.50 and gave the stock a “hold” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada raised their target price on shares of Extendicare from C$9.50 to C$11.00 and gave the company a “sector perform” rating in a research note on Thursday, November 28th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$11.50.

Extendicare Stock Up 1.6 %

EXE opened at C$13.08 on Monday. The firm has a market capitalization of C$1.09 billion, a P/E ratio of 16.68 and a beta of 1.26. Extendicare has a one year low of C$6.63 and a one year high of C$13.12. The company has a fifty day moving average price of C$10.79 and a 200-day moving average price of C$9.83. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98.

Extendicare Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Friday, February 28th. Extendicare’s payout ratio is currently 61.20%.

About Extendicare

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.