BMO Capital Markets Issues Positive Forecast for Extendicare (TSE:EXE) Stock Price

Extendicare (TSE:EXE) had its price target increased by equities research analysts at BMO Capital Markets from C$15.00 to C$21.00 in a research note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 5.90% from the company’s current price.

Several other equities analysts also recently issued reports on EXE. CIBC upped their price objective on shares of Extendicare from C$18.00 to C$22.00 in a research note on Thursday. National Bankshares increased their price target on Extendicare from C$16.10 to C$17.50 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. TD Securities lifted their price objective on Extendicare from C$15.00 to C$19.00 in a research report on Thursday. Finally, Cibc World Mkts upgraded Extendicare to a “strong-buy” rating in a research report on Monday, September 22nd. Two research 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$18.10.

Extendicare Price Performance

Extendicare stock traded up C$0.19 during mid-day trading on Monday, hitting C$19.83. 234,175 shares of the company were exchanged, compared to its average volume of 185,061. Extendicare has a 12-month low of C$9.69 and a 12-month high of C$20.11. The company has a market capitalization of C$1.66 billion, a P/E ratio of 18.71 and a beta of 0.90. The business’s 50 day simple moving average is C$15.16 and its two-hundred day simple moving average is C$14.17. 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 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.