Exchange Income (TSE:EIF) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Exchange Income Co. (TSE:EIF - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$54.56 and traded as high as C$66.75. Exchange Income shares last traded at C$65.87, with a volume of 123,732 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. National Bankshares upped their price objective 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. Royal Bank Of Canada upped their price target 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. BMO Capital Markets set a C$59.00 price objective on Exchange Income and gave the stock a "market perform" rating in a research note on Tuesday. ATB Capital upped their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Desjardins raised shares of Exchange Income to a "moderate buy" rating and set a C$73.00 price target for the company in a report on Thursday, July 3rd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$70.83.

Exchange Income Stock Performance

The stock has a market cap of C$3.32 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 1.42 and a beta of 2.04. 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 firm has a fifty day simple moving average of C$59.66 and a 200-day simple moving average of C$54.77.

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.