Extendicare (TSE:EXE) Rating Increased to Outperform at BMO Capital Markets

Extendicare (TSE:EXE) was upgraded by equities research analysts at BMO Capital Markets from a “hold” rating to an “outperform” rating in a note issued to investors on Thursday, MarketBeat reports. The firm currently has a C$24.00 price target on the stock, up from their previous price target of C$21.00. BMO Capital Markets’ target price indicates a potential upside of 8.70% from the company’s previous close.

A number of other research analysts have also weighed in on EXE. Royal Bank Of Canada upgraded Extendicare from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$15.00 to C$25.00 in a research report on Thursday. Natl Bk Canada upgraded Extendicare to a “strong-buy” rating in a report on Wednesday. Cormark lifted their price objective on Extendicare from C$25.00 to C$30.00 in a research note on Wednesday. National Bankshares upped their price objective on Extendicare from C$21.50 to C$24.50 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Canaccord Genuity Group raised their target price on shares of Extendicare from C$20.00 to C$22.50 in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Extendicare presently has a consensus rating of “Buy” and a consensus target price of C$23.86.

Extendicare Stock Performance

EXE opened at C$22.08 on Thursday. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. The stock has a market capitalization of C$1.85 billion, a price-to-earnings ratio of 20.83 and a beta of 1.11. The company has a fifty day moving average of C$17.14 and a 200 day moving average of C$14.78. Extendicare has a fifty-two week low of C$9.69 and a fifty-two week high of C$22.57.

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.