Exchange Income (TSE:EIF) Given a C$73.00 Price Target by Desjardins Analysts

Exchange Income (TSE:EIF - Get Free Report) has been given a C$73.00 price objective by analysts at Desjardins in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' target price suggests a potential upside of 13.16% from the company's current price.

A number of other equities research analysts also recently commented on the company. National Bankshares lifted their target price on Exchange Income from C$73.00 to C$81.00 and gave the company an "outperform" rating in a research report on Thursday. TD Securities raised their price objective on Exchange Income from C$68.00 to C$70.00 and gave the stock a "buy" rating in a research report 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 company 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 stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Scotiabank lifted their price target 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. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$71.91.

Exchange Income Price Performance

EIF stock traded up C$0.75 during mid-day trading on Thursday, reaching C$64.51. The company's stock had a trading volume of 193,618 shares, compared to its average volume of 107,866. Exchange Income has a fifty-two week low of C$44.90 and a fifty-two week high of C$64.76. The stock has a market cap of C$3.22 billion, a PE ratio of 25.27, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The company's 50 day moving average is C$56.73 and its two-hundred day moving average is C$54.14.

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.

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