Exchange Income (TSE:EIF) Price Target Raised to C$80.00 at Scotiabank

Key Points

• Scotiabank raised its price target for Exchange Income (TSE:EIF) from C$66.00 to C$80.00, maintaining an "outperform" rating, indicating a potential upside of 7.11% from the current price.
• Other firms, including CIBC and Raymond James Financial, also increased their price targets for the stock, with some reaching as high as C$85.00 and maintaining "outperform" or "strong-buy" ratings.
• The stock has a consensus rating of "Buy" and an average target price of approximately C$79.68, while it recently traded at C$74.69.

Exchange Income (TSE:EIF - Get Free Report) had its price objective upped by equities researchers at Scotiabank from C$66.00 to C$80.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Scotiabank's target price indicates a potential upside of 8.86% from the company's current price.

A number of other research analysts also recently issued reports on EIF. Cormark boosted their price objective on shares of Exchange Income from C$67.00 to C$78.50 and gave the company a "buy" rating in a research report on Thursday, July 31st. Raymond James Financial boosted their price objective on shares of Exchange Income from C$80.00 to C$85.00 and gave the company a "strong-buy" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada boosted their target price 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. BMO Capital Markets raised their target price on shares of Exchange Income from C$59.00 to C$65.50 and gave the company a "market perform" rating in a research note on Wednesday, August 13th. Finally, Canaccord Genuity Group upped their price target on shares of Exchange Income from C$77.00 to C$80.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$79.68.

Exchange Income Trading Up 0.9%

Shares of Exchange Income stock traded up C$0.62 during trading on Wednesday, reaching C$73.49. The company's stock had a trading volume of 39,458 shares, compared to its average volume of 111,344. Exchange Income has a 52-week low of C$45.00 and a 52-week high of C$75.13. The company has a market cap of C$3.67 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.42 and a beta of 2.04. The firm's 50-day moving average is C$64.35 and its two-hundred day moving average is C$56.47. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72.

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.