RBC Capital Maintains Outperform Rating for Ensign Group: Here's What You Need To Know

RBC Capital has decided to maintain its Outperform rating of Ensign Group ENSG and raise its price target from $112.00 to $133.00.

Shares of Ensign Group are trading up 0.0% over the last 24 hours, at $117.97 per share.

A move to $133.00 would account for a 12.74% increase from the current share price.

About Ensign Group

Ensign Group Inc provides post-acute healthcare services in the United States. Its regional subsidiaries oversee skilled nursing, assisted living, home health and hospice, mobile ancillary, and urgent care operations. Medicare and Medicaid programs contribute a majority of revenue received for Ensign's services. The firm operates through two segments, Skilled services, and Standard Bearer. The skilled services segment includes the operation of skilled nursing facilities and rehabilitation therapy services. The Standard Bearer segment comprises of properties owned by the company through its captive REIT and leased to skilled nursing and assisted living operations. The majority of the revenue is generated from the skilled services segment.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.