Ensign Group price target lowered to $112 from $114 at RBC Capital

RBC Capital lowered the firm’s price target on Ensign Group to $112 from $114 and keeps an Outperform rating on the shares. Ensign posted solid results driven by continued occupancy improvement and easing labor pressures, and its robust robust portfolio of newly acquired assets provides a significant platform for continued organic growth, while M&A activity could pick up given more reasonable valuations, the analyst tells investors in a research note.