Extendicare (TSE:EXE) had its target price hoisted by analysts at Laurentian Bank of Canada to C$8.25 in a report issued on Tuesday, Stock Target Advisor reports. The firm currently has a “hold” rating on the stock. Laurentian Bank of Canada’s price objective would suggest a potential upside of 3.00% from the stock’s previous close.
A number of other equities research analysts have also recently commented on EXE. TD Securities increased their target price on Extendicare from C$7.00 to C$8.00 and gave the company a “hold” rating in a report on Friday. Leede Jones Gab reaffirmed a “buy” rating on shares of Extendicare in a research note on Monday, March 1st. National Bank Financial raised their price target on shares of Extendicare to C$8.50 and gave the stock a “na” rating in a research note on Monday. National Bankshares raised their price target on shares of Extendicare from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research note on Monday. Finally, Laurentian raised their price target on shares of Extendicare from C$7.00 to C$8.25 in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$7.96.
TSE EXE traded down C$0.01 during mid-day trading on Tuesday, hitting C$8.01. The stock had a trading volume of 110,272 shares, compared to its average volume of 291,172. The company has a 50 day simple moving average of C$7.77 and a 200 day simple moving average of C$6.81. The company has a market cap of C$717.39 million and a price-to-earnings ratio of 13.37. Extendicare has a 52-week low of C$5.06 and a 52-week high of C$8.13. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 442.45.
Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) 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 contract and consulting services to third parties.
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