Exchange Income (TSE:EIF) Price Target Raised to C$84.50 at CIBC

Key Points

• CIBC has raised its target price for Exchange Income (TSE:EIF) from C$74.50 to C$84.50, indicating a potential upside of 13.13% from its current price, and maintaining an "outperform" rating.
• Several other analysts have also increased their target prices for Exchange Income, with a consensus rating of "Buy" and an average price target of C$79.68.
• Exchange Income's shares rose by 2.0%, reaching C$74.69, with a market capitalization of C$3.73 billion and a P/E ratio of 29.26.

Exchange Income (TSE:EIF - Get Free Report) had its target price lifted by research analysts at CIBC from C$74.50 to C$84.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. CIBC's target price points to a potential upside of 13.13% from the company's current price.

A number of other equities research analysts have also weighed in on the company. Royal Bank Of Canada lifted their target price on Exchange Income from C$64.00 to C$66.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. National Bankshares boosted their price target on Exchange Income from C$73.00 to C$81.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. ATB Capital boosted their price target on Exchange Income from C$68.00 to C$70.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Desjardins upgraded Exchange Income to a "moderate buy" rating and set a C$73.00 price target on the stock in a research note on Thursday, July 3rd. Finally, Cormark upped their target price on Exchange Income from C$67.00 to C$78.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$79.68.

Exchange Income Trading Up 2.0%

Shares of EIF stock traded up C$1.47 on Wednesday, reaching C$74.69. 196,079 shares of the company's stock were exchanged, compared to its average volume of 111,340. Exchange Income has a 52 week low of C$45.00 and a 52 week high of C$75.13. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The stock has a market capitalization of C$3.73 billion, a PE ratio of 29.26, a P/E/G ratio of 1.42 and a beta of 2.04. The company's fifty day simple moving average is C$63.30 and its 200 day simple moving average is C$56.11.

Exchange Income Company Profile

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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