Exchange Income (TSE:EIF) Share Price Passes Above 200 Day Moving Average - Here's Why

Exchange Income Co. (TSE:EIF - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$53.49 and traded as high as C$54.00. Exchange Income shares last traded at C$53.84, with a volume of 78,578 shares.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank of Canada cut their target price on shares of Exchange Income from C$71.00 to C$64.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Paradigm Capital set a C$69.00 target price on Exchange Income and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, Scotiabank lowered their price target on Exchange Income from C$65.00 to C$64.00 in a report on Friday, February 28th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$68.22.

Exchange Income Stock Performance

The stock has a market cap of C$2.85 billion, a price-to-earnings ratio of 22.40, 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$50.25 and a 200-day simple moving average of C$53.45.

Insider Buying and Selling at Exchange Income

In related news, Director Edward Warkentin purchased 1,011 shares of Exchange Income stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of C$49.54 per share, for a total transaction of C$50,087.97. Also, Director Michael Pyle purchased 4,000 shares of Exchange Income stock in a transaction dated Friday, February 28th. The stock was bought at an average price of C$50.26 per share, for a total transaction of C$201,052.00. In the last ninety days, insiders have bought 30,311 shares of company stock worth $1,510,455. Insiders own 6.44% of the company's stock.

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.