Exchange Income (TSE:EIF) PT Set at C$59.00 by BMO Capital Markets

Exchange Income (TSE:EIF - Get Free Report) has been assigned a C$59.00 price objective by stock analysts at BMO Capital Markets in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "market perform" rating on the stock. BMO Capital Markets' target price suggests a potential downside of 9.96% from the company's current price.

Other equities research analysts have also issued research reports about the company. Desjardins raised Exchange Income to a "moderate buy" rating and set a C$73.00 price objective on the stock in a report on Thursday, July 3rd. CIBC upped their price target on shares of 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. Royal Bank Of Canada boosted their price objective on shares of Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Canaccord Genuity Group increased their target price on shares of Exchange Income from C$75.00 to C$77.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, TD Securities lifted their price target on shares of Exchange Income from C$68.00 to C$70.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$70.83.

Exchange Income Stock Performance

Exchange Income stock traded up C$0.01 during midday trading on Tuesday, hitting C$65.53. 47,512 shares of the company's stock were exchanged, compared to its average volume of 110,356. Exchange Income has a 12-month low of C$45.00 and a 12-month high of C$68.01. The stock has a market cap of C$3.27 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The firm's 50 day simple moving average is C$59.88 and its 200 day simple moving average is C$54.81. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

About Exchange Income

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.