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Royal Bank Of Canada Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income logo with Industrials background

Key Points

  • Royal Bank of Canada has raised the price target for Exchange Income (TSE:EIF) from C$74.00 to C$81.00, indicating a potential upside of 8.45% from its current price.
  • Several other analysts have also increased their price targets, with CIBC setting a target of C$84.50 and Raymond James Financial reaching C$85.00, all maintaining an "outperform" or "buy" rating.
  • Exchange Income shares recently traded at C$74.69, up 2.0%, with a market capitalization of C$3.73 billion and a significant debt-to-equity ratio of 173.72.
  • Looking to export and analyze Exchange Income data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Exchange Income (TSE:EIF - Free Report) had its target price raised by Royal Bank Of Canada from C$74.00 to C$81.00 in a report published on Wednesday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other analysts have also recently weighed in on the stock. CIBC raised their price objective on shares of Exchange Income from C$74.50 to C$84.50 and gave the company an "outperform" rating in a research report on Wednesday. Scotiabank raised their price objective on shares of Exchange Income from C$66.00 to C$80.00 and gave the company an "outperform" rating in a research report on Wednesday. Cormark raised 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. National Bankshares raised their price objective on shares of Exchange Income from C$71.00 to C$84.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Canaccord Genuity Group raised their price objective on shares of Exchange Income from C$77.00 to C$80.00 and gave the company a "buy" rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Exchange Income currently has an average rating of "Buy" and a consensus target price of C$79.68.

Check Out Our Latest Research Report on EIF

Exchange Income Price Performance

TSE:EIF traded down C$0.75 during trading hours on Wednesday, hitting C$72.87. The stock had a trading volume of 84,560 shares, compared to its average volume of 111,813. The company has a 50 day simple moving average of C$64.35 and a two-hundred day simple moving average of C$56.48. 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 one year low of C$45.00 and a one year high of C$75.13. The firm has a market capitalization of C$3.64 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.22 per share. Exchange Income's dividend payout ratio (DPR) is 103.42%.

About Exchange Income

(Get Free Report)

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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Analyst Recommendations for Exchange Income (TSE:EIF)

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