Desjardins Raises Exchange Income (TSE:EIF) Price Target to C$84.00

Key Points

• Desjardins raised the price target for Exchange Income (TSE:EIF) from C$73.00 to C$84.00, indicating a potential upside of 12.46% from its current price.
• Multiple brokerages have issued positive ratings on the stock, with a consensus rating of "Buy" and an average target price of C$79.68.
• As of the latest trading session, EIF stock reached C$74.69, reflecting a price increase of C$1.47 during the day.

Exchange Income (TSE:EIF - Get Free Report) had its price target raised by analysts at Desjardins from C$73.00 to C$84.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' target price indicates a potential upside of 14.27% from the company's current price.

Several other research analysts have also issued reports on the stock. BMO Capital Markets set a C$59.00 price target on shares of Exchange Income and gave the stock a "market perform" rating in a research report on Tuesday, July 15th. TD Securities raised their price objective on Exchange Income from C$68.00 to C$70.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada lifted their target price 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. Canaccord Genuity Group boosted their target price on Exchange Income from C$77.00 to C$80.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, National Bankshares increased their price target on Exchange Income from C$73.00 to C$81.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. 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 stock. Based on data from MarketBeat.com, Exchange Income currently has a consensus rating of "Buy" and a consensus target price of C$79.68.

Exchange Income Price Performance

Shares of EIF traded up C$0.64 during mid-day trading on Wednesday, hitting C$73.51. The company's stock had a trading volume of 174,146 shares, compared to its average volume of 112,207. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The firm has a 50-day moving average price of C$64.66 and a 200 day moving average price of C$56.60. Exchange Income has a fifty-two week low of C$45.00 and a fifty-two week high of C$75.13. The stock has a market capitalization of C$3.67 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 1.42 and a beta of 2.04.

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.