TD Securities Issues Positive Forecast for Extendicare (TSE:EXE) Stock Price

Extendicare (TSE:EXE) had its target price hoisted by equities researchers at TD Securities from C$15.00 to C$19.00 in a report released on Thursday,BayStreet.CA reports. TD Securities’ price objective would indicate a potential downside of 0.05% from the company’s current price.

Several other research analysts have also weighed in on EXE. Cibc World Mkts raised Extendicare to a “strong-buy” rating in a research report on Monday, September 22nd. National Bankshares increased their price objective on shares of Extendicare from C$16.10 to C$17.50 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. CIBC set a C$18.00 target price on shares of Extendicare and gave the company an “outperform” rating in a research note on Monday, September 22nd. Finally, National Bank Financial raised shares of Extendicare to a “strong-buy” rating in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$16.80.

Extendicare Trading Up 3.1%

Shares of EXE traded up C$0.57 during mid-day trading on Thursday, hitting C$19.01. The company had a trading volume of 536,804 shares, compared to its average volume of 183,374. Extendicare has a 1-year low of C$9.69 and a 1-year high of C$19.32. 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 business’s 50-day simple moving average is C$14.90 and its 200-day simple moving average is C$14.08. The stock has a market cap of C$1.59 billion, a PE ratio of 19.70 and a beta of 0.90.

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.