Extendicare (TSE:EXE) Sets New 1-Year High – Here’s Why

Shares of Extendicare Inc. (TSE:EXE) hit a new 52-week high during trading on Monday . The stock traded as high as C$10.60 and last traded at C$10.60, with a volume of 15813 shares trading hands. The stock had previously closed at C$10.38.

Wall Street Analysts Forecast Growth

EXE has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on shares of Extendicare from C$8.50 to C$9.50 in a report on Monday, August 19th. TD Securities upped their price objective on Extendicare from C$9.50 to C$10.50 and gave the stock a “hold” rating in a research note on Thursday, November 14th.

Extendicare Stock Performance

The firm’s 50-day moving average price is C$9.44 and its 200-day moving average price is C$8.28. The company has a debt-to-equity ratio of 305.80, a current ratio of 0.60 and a quick ratio of 0.98. The stock has a market cap of C$879.77 million, a P/E ratio of 15.19 and a beta of 1.26.

Extendicare Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.55%. Extendicare’s dividend payout ratio is currently 70.59%.

Extendicare Company Profile

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.