Exchange Income Co. (TSE:EIF) Receives C$70.50 Consensus Target Price from Brokerages

Exchange Income Co. (TSE:EIF - Get Free Report) has earned an average rating of "Buy" from the ten analysts that are currently covering the firm, Marketbeat.com 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.

Several analysts have issued reports on EIF shares. Royal Bank of Canada upped their price objective on Exchange Income from C$64.00 to C$66.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. CIBC upped their price objective on Exchange Income from C$69.00 to C$73.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group upped their price objective on 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. Scotiabank upped their price objective on Exchange Income from C$64.00 to C$66.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, TD Securities upped their price objective on Exchange Income from C$68.00 to C$70.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd.

Insider Activity

In other Exchange Income news, Director Brad Bennett acquired 25,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of C$49.77 per share, with a total value of C$1,244,182.50. Corporate insiders own 6.44% of the company's stock.

Exchange Income Stock Up 1.3%

Shares of TSE:EIF traded up C$0.71 during trading on Thursday, hitting C$56.84. The company's stock had a trading volume of 72,719 shares, compared to its average volume of 109,191. 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 has a fifty-two week low of C$43.08 and a fifty-two week high of C$59.32. The stock's 50-day moving average price is C$52.91 and its two-hundred day moving average price is C$53.72. The company has a market capitalization of C$2.84 billion, a PE ratio of 22.27, a PEG ratio of 1.42 and a beta of 2.04.

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.