Exchange Income Co. (TSE:EIF) Receives C$68.22 Consensus Target Price from Brokerages

Exchange Income Co. (TSE:EIF - Get Free Report) has been given an average rating of "Buy" by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$68.22.

A number of brokerages recently issued reports 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 price target on Exchange Income from C$65.00 to C$64.00 in a research report on Friday, February 28th. Finally, Royal Bank of Canada cut their price objective on shares of Exchange Income from C$71.00 to C$64.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th.

Exchange Income Trading Up 2.7%

TSE EIF traded up C$1.49 on Friday, hitting C$55.86. The company's stock had a trading volume of 127,952 shares, compared to its average volume of 108,145. The firm has a market cap of C$2.79 billion, a P/E ratio of 21.88, a PEG ratio of 1.42 and a beta of 2.04. Exchange Income has a 52-week low of C$43.08 and a 52-week high of C$59.32. The company's 50-day simple moving average is C$50.25 and its 200 day simple moving average is C$53.45. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72.

Insider Buying and Selling

In other Exchange Income news, Director Edward Warkentin bought 1,011 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of C$49.54 per share, for a total transaction of C$50,087.97. Also, Director Brad Bennett purchased 25,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of C$49.77 per share, for a total transaction of C$1,244,182.50. In the last ninety days, insiders acquired 30,311 shares of company stock worth $1,510,455. 6.44% of the stock is owned by corporate insiders.

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.