Exchange Income (TSE:EIF) Price Target Raised to C$77.00

Exchange Income (TSE:EIF) had its price target increased by Canaccord Genuity Group from C$75.00 to C$77.00 in a research report released on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on EIF. Paradigm Capital set a C$69.00 price target on shares of Exchange Income and gave the company a “buy” rating in a research report on Thursday, January 30th. Scotiabank lowered their target price on shares of Exchange Income from C$65.00 to C$64.00 in a report on Friday, February 28th. CIBC upped their target price on shares of Exchange Income from C$69.00 to C$73.00 and gave the stock an “outperform” rating in a report on Thursday. TD Securities increased their price objective on shares of Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada decreased their price objective on shares of Exchange Income from C$71.00 to C$64.00 and set an “outperform” rating for the company in a research note on Wednesday, April 16th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$70.50.

Exchange Income Stock Performance

Shares of Exchange Income stock opened at C$56.90 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. Exchange Income has a twelve month low of C$43.08 and a twelve month high of C$59.32. The stock has a market cap of C$2.84 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 1.42 and a beta of 2.04. The company’s fifty day moving average is C$51.45 and its 200 day moving average is C$53.60.

Insider Buying and Selling

In other news, Director Brad Bennett purchased 25,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of C$49.77 per share, with a total value of C$1,244,182.50. Also, Director Edward Warkentin acquired 1,011 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of C$49.54 per share, with a total value of C$50,087.97. In the last ninety days, insiders acquired 30,311 shares of company stock valued at $1,510,455. Company insiders own 6.44% of the company’s stock.

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.