Extendicare (TSE:EXE) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Extendicare Inc. (TSE:EXE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$18.31 and traded as high as C$24.88. Extendicare shares last traded at C$24.55, with a volume of 1,167,487 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. TD Securities raised their price target on Extendicare from C$15.00 to C$19.00 in a research report on Thursday, November 13th. Cormark lifted their price target on shares of Extendicare from C$25.00 to C$30.00 in a research note on Wednesday, December 3rd. BMO Capital Markets upgraded shares of Extendicare from a “hold” rating to an “outperform” rating and upped their price target for the company from C$21.00 to C$24.00 in a report on Thursday, December 4th. Royal Bank Of Canada raised shares of Extendicare from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$15.00 to C$25.00 in a research note on Thursday, December 4th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Extendicare from C$18.00 to C$22.00 in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Extendicare currently has a consensus rating of “Buy” and an average target price of C$24.50.

Extendicare Stock Performance

The business’s 50-day moving average price is C$22.79 and its 200-day moving average price is C$18.31. The company has a current ratio of 0.62, a quick ratio of 0.98 and a debt-to-equity ratio of 283.02. The stock has a market cap of C$2.32 billion, a PE ratio of 23.16 and a beta of 1.30.

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.