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

Exchange Income Co. (TSE:EIF - Get Free Report)'s share price hit a new 52-week high 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 have recently weighed in on the stock. Desjardins raised shares of Exchange Income to a "moderate buy" rating and set a C$73.00 target price on the stock in a report on Thursday, July 3rd. Canaccord Genuity Group raised their target price on shares of Exchange Income from C$75.00 to C$77.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Scotiabank lifted their target price 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. National Bankshares boosted their target price on shares of Exchange Income from C$73.00 to C$81.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Finally, CIBC raised their price target 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 stock. Based on data from MarketBeat, Exchange Income presently has an average rating of "Buy" and an average target price of C$71.91.

Exchange Income Trading Up 1.7%

The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The business has a fifty day simple moving average of C$58.59 and a 200 day simple moving average of C$54.56. The company has a market cap of C$3.38 billion, a P/E ratio of 26.58, a P/E/G 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.