Shares of Exchange Income Co. (TSE:EIF - Get Free Report) have received an average recommendation of "Buy" from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$70.50.
EIF has been the topic of a number of research reports. TD Securities raised their price objective on Exchange Income from C$68.00 to C$70.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Scotiabank increased their target price on shares of 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. ATB Capital raised their price target on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group upped their price objective on shares of Exchange Income from C$75.00 to C$77.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, CIBC increased their price objective on shares of Exchange Income from C$69.00 to C$73.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd.
View Our Latest Report on Exchange Income
Exchange Income Price Performance
Shares of TSE EIF traded up C$0.71 during midday trading on Thursday, hitting C$56.84. The stock had a trading volume of 72,724 shares, compared to its average volume of 109,191. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The stock has a 50 day simple moving average of C$52.77 and a 200-day simple moving average of C$53.72. The company has a market capitalization of C$2.84 billion, a PE ratio of 22.27, a P/E/G ratio of 1.42 and a beta of 2.04. Exchange Income has a 1 year low of C$43.08 and a 1 year high of C$59.32.
Insider Buying and Selling at Exchange Income
In related news, Director Brad Bennett purchased 25,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of C$49.77 per share, for a total transaction of C$1,244,182.50. 6.44% of the stock is currently owned by corporate insiders.
About Exchange Income
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Get Free ReportExchange 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.
Further Reading
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