Extendicare (TSE:EXE) Upgraded at BMO Capital Markets

Extendicare (TSE:EXE) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a C$24.00 price target on the stock, up from their prior price target of C$21.00. BMO Capital Markets’ price target would indicate a potential upside of 7.58% from the stock’s current price.

EXE has been the topic of several other reports. National Bankshares upped their price target on Extendicare from C$21.50 to C$24.50 and gave the company an “outperform” rating in a research report on Wednesday. TD Securities boosted their price objective on shares of Extendicare from C$15.00 to C$19.00 in a research note on Thursday, November 13th. Cormark increased their target price on shares of Extendicare from C$25.00 to C$30.00 in a research note on Wednesday. CIBC raised their price target on shares of Extendicare from C$18.00 to C$22.00 in a report on Thursday, November 13th. Finally, Canaccord Genuity Group boosted their price target on shares of Extendicare from C$20.00 to C$22.50 in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$23.86.

Extendicare Stock Performance

Shares of TSE:EXE traded up C$1.32 during midday trading on Thursday, reaching C$22.31. 486,993 shares of the company traded hands, compared to its average volume of 192,919. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02. Extendicare has a 12 month low of C$9.69 and a 12 month high of C$22.57. The firm has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 21.05 and a beta of 0.90. The firm’s fifty day moving average price is C$16.98 and its two-hundred day moving average price is C$14.73.

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.