Extendicare (TSE:EXE) Reaches New 12-Month High – What’s Next?

Shares of Extendicare Inc. (TSE:EXE) reached a new 52-week high on Monday . The stock traded as high as C$13.13 and last traded at C$13.08, with a volume of 67465 shares traded. The stock had previously closed at C$13.04.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TD Securities increased their price objective on Extendicare from C$10.50 to C$13.00 and gave the stock a “hold” rating in a research report on Monday, March 3rd. Royal Bank of Canada increased their price objective on Extendicare from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 28th. Cormark raised Extendicare to a “moderate buy” rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets increased their target price on Extendicare from C$11.00 to C$13.50 in a report on Monday, March 3rd.

Extendicare Trading Up 0.1 %

The company has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 16.69 and a beta of 1.26. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. The firm has a fifty day moving average price of C$11.00 and a 200-day moving average price of C$9.98.

Extendicare Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be paid a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Friday, February 28th. Extendicare’s dividend payout ratio (DPR) is presently 61.20%.

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.