Laurentian Bank of Canada Increases Extendicare (TSE:EXE) Price Target to C$8.25

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 (TSE:EXE) last released its quarterly earnings data on Thursday, February 25th. The company reported C$0.17 EPS for the quarter. The business had revenue of C$307.74 million during the quarter. As a group, equities analysts anticipate that Extendicare will post 0.36 earnings per share for the current fiscal year.

About Extendicare

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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