Exchange Income (TSE:EIF) Given New C$80.00 Price Target at BMO Capital Markets

Exchange Income (TSE:EIF) had its price target raised by analysts at BMO Capital Markets from C$69.50 to C$80.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 6.17% from the company’s previous close.

Several other brokerages have also commented on EIF. Scotiabank upped their price target on shares of Exchange Income from C$80.00 to C$90.00 in a research report on Monday. Desjardins boosted their price objective on shares of Exchange Income from C$73.00 to C$84.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. National Bankshares increased their target price on Exchange Income from C$84.00 to C$88.00 in a research report on Monday. CIBC lifted their target price on Exchange Income from C$85.50 to C$93.00 in a report on Monday. Finally, Cormark upped their price target on Exchange Income from C$67.00 to C$78.50 and gave the stock a “buy” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$83.61.

Exchange Income Trading Down 2.6%

EIF traded down C$2.05 during midday trading on Monday, hitting C$75.35. The company’s stock had a trading volume of 179,120 shares, compared to its average volume of 117,053. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The firm has a market cap of C$3.88 billion, a P/E ratio of 28.65, a PEG ratio of 1.42 and a beta of 0.70. The firm has a 50-day moving average price of C$74.33 and a two-hundred day moving average price of C$66.41. Exchange Income has a 52-week low of C$45.00 and a 52-week high of C$78.91.

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.