Exchange Income (TSE:EIF) Sets New 1-Year High - What's Next?

Exchange Income Co. (TSE:EIF - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$65.52 and last traded at C$65.51, with a volume of 16702 shares trading hands. The stock had previously closed at C$65.22.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EIF shares. ATB Capital upped their price objective on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Scotiabank upped 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. Desjardins raised shares of Exchange Income to a "moderate buy" rating and set a C$73.00 price objective for the company in a report on Thursday, July 3rd. National Bankshares upped their price objective on shares of Exchange Income from C$73.00 to C$81.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Finally, CIBC upped their price objective on shares of Exchange Income from C$69.00 to C$73.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Exchange Income currently has a consensus rating of "Buy" and a consensus price target of C$71.91.

Exchange Income Trading Up 0.9%

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 firm's 50-day simple moving average is C$58.26 and its 200 day simple moving average is C$54.49. The stock has a market capitalization of C$3.36 billion, a P/E ratio of 26.36, a PEG ratio of 1.42 and a beta of 2.04.

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.