Exchange Income (TSE:EIF) Reaches New 12-Month High – Here’s What Happened

Exchange Income Co. (TSE:EIF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$59.37 and last traded at C$58.75, with a volume of 15209 shares changing hands. The stock had previously closed at C$58.58.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. ATB Capital boosted their price objective on shares of Exchange Income from C$68.00 to C$70.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Canaccord Genuity Group boosted their price target on Exchange Income from C$75.00 to C$77.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. CIBC raised their price objective on Exchange Income from C$69.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Scotiabank lifted their price objective on Exchange Income from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Finally, TD Securities increased their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$70.50.

Exchange Income Price Performance

The firm has a market cap of C$2.98 billion, a P/E ratio of 23.41, a P/E/G ratio of 1.42 and a beta of 2.04. The firm’s fifty day simple moving average is C$55.40 and its 200 day simple moving average is C$53.89. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

Exchange Income Company Profile

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.