Exchange Income Co. (TSE:EIF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$53.72 and traded as high as C$57.96. Exchange Income shares last traded at C$57.84, with a volume of 111,686 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on EIF shares. Canaccord Genuity Group raised their target price on shares of Exchange Income from C$75.00 to C$77.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Scotiabank increased their price target on Exchange Income from C$64.00 to C$66.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Royal Bank of Canada lifted their price objective on Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. TD Securities upped their price objective on Exchange Income from C$68.00 to C$70.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, CIBC increased their target price on Exchange Income from C$69.00 to C$73.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$70.50.
Get Our Latest Research Report on Exchange Income
Exchange Income Stock Down 0.6%
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 company has a 50 day simple moving average of C$52.64 and a two-hundred day simple moving average of C$53.71. The firm has a market capitalization of C$2.82 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.42 and a beta of 2.04.
Insider Buying and Selling
In other news, Director Brad Bennett bought 25,000 shares of Exchange Income stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of C$49.77 per share, with a total value of C$1,244,182.50. 6.44% of the stock is owned by company insiders.
About Exchange Income
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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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