Royal Bank of Canada Issues Pessimistic Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF - Get Free Report) had its price objective cut by equities researchers at Royal Bank of Canada from C$71.00 to C$64.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective indicates a potential upside of 30.80% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. Paradigm Capital set a C$69.00 price target on shares of Exchange Income and gave the stock a "buy" rating in a research note on Thursday, January 30th. Scotiabank lowered their target price on shares of Exchange Income from C$65.00 to C$64.00 in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$68.22.

Exchange Income Stock Performance

TSE EIF traded up C$0.09 on Wednesday, hitting C$48.93. 55,996 shares of the company's stock were exchanged, compared to its average volume of 114,239. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. Exchange Income has a fifty-two week low of C$43.08 and a fifty-two week high of C$59.32. The firm has a market cap of C$2.44 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.42 and a beta of 2.04. The firm's 50-day moving average price is C$50.23 and its two-hundred day moving average price is C$53.70.

Insiders Place Their Bets

In other Exchange Income news, Director Michael Pyle purchased 4,000 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average price of C$50.26 per share, for a total transaction of C$201,052.00. Also, Director Brad Bennett acquired 25,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of C$49.77 per share, for a total transaction of C$1,244,182.50. Insiders have bought 30,311 shares of company stock valued at $1,510,455 in the last ninety days. Insiders own 6.44% of the company's stock.

Exchange Income Company Profile

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.