Extendicare (TSE:EXE) Hits New 1-Year High – Here’s What Happened

Extendicare Inc. (TSE:EXE)’s share price hit a new 52-week high on Friday . The company traded as high as C$24.96 and last traded at C$24.73, with a volume of 28917 shares changing hands. The stock had previously closed at C$24.66.

Wall Street Analysts Forecast Growth

EXE has been the subject of a number of recent research reports. BMO Capital Markets upgraded Extendicare from a “hold” rating to an “outperform” rating and increased their target price for the company from C$21.00 to C$24.00 in a research note on Thursday, December 4th. National Bank Financial increased their price target on shares of Extendicare from C$24.50 to C$29.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Royal Bank Of Canada raised Extendicare from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$15.00 to C$25.00 in a report on Thursday, December 4th. TD Securities increased their target price on Extendicare from C$15.00 to C$19.00 in a report on Thursday, November 13th. Finally, Cormark lifted their target price on Extendicare from C$25.00 to C$30.00 in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$24.50.

Extendicare Stock Performance

The company has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 23.58 and a beta of 1.30. The stock has a 50 day simple moving average of C$22.52 and a 200 day simple moving average of C$17.79. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02.

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.