Echelon Wealth Partners upgraded shares of Extendicare (TSE:EXE) from a hold rating to a buy rating in a report issued on Monday, Zacks.com reports.

Several other analysts have also recently issued reports on the stock. National Bank Financial increased their target price on shares of Extendicare from C$7.50 to C$8.50 and gave the stock a sector perform rating in a research note on Friday, May 17th. CIBC increased their target price on shares of Extendicare from C$8.25 to C$8.50 in a research note on Thursday, May 16th. Finally, TD Securities increased their target price on shares of Extendicare from C$8.00 to C$8.50 and gave the stock a hold rating in a research note on Thursday, May 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of C$8.90.

TSE EXE opened at C$8.70 on Monday. Extendicare has a 1 year low of C$5.95 and a 1 year high of C$9.02. The company has a debt-to-equity ratio of 483.66, a current ratio of 0.76 and a quick ratio of 0.68. The stock has a market capitalization of $777.56 million and a PE ratio of 29.39. The company’s 50 day simple moving average is C$8.62 and its two-hundred day simple moving average is C$8.01.

The company also recently announced a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend was Tuesday, July 30th. Extendicare’s dividend payout ratio is presently 162.16%.

Extendicare Company Profile

Extendicare Inc provides care and services for seniors in Canada. The company offers long term care services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management and consulting services to third-party owners.

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Analyst Recommendations for Extendicare (TSE:EXE)

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