Royal Bank Of Canada Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Key Points

• The Royal Bank of Canada raised its price objective for Exchange Income (TSE:EIF) from C$81.00 to C$85.00, suggesting a potential upside of 10.81% from the company's previous close.
• Several other brokerages have also increased their price targets for Exchange Income, with the average target price now at C$81.11 and a consensus rating of "Buy."
• Exchange Income's stock traded at C$76.71 with a market cap of C$3.95 billion, reflecting strong growth potential in their sectors of aerospace and manufacturing.

Exchange Income (TSE:EIF - Get Free Report) had its price objective raised by stock analysts at Royal Bank Of Canada from C$81.00 to C$85.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 10.81% from the company's previous close.

Several other brokerages have also recently issued reports on EIF. BMO Capital Markets boosted their price objective on Exchange Income from C$65.50 to C$69.50 in a report on Monday, September 29th. Scotiabank boosted their price objective on Exchange Income from C$66.00 to C$80.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Ventum Financial set a C$81.00 price target on Exchange Income and gave the company a "buy" rating in a report on Tuesday, September 16th. Paradigm Capital raised their target price on Exchange Income from C$68.00 to C$82.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial raised their target price on Exchange Income from C$85.00 to C$90.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Exchange Income presently has an average rating of "Buy" and a consensus target price of C$81.11.

Exchange Income Trading Up 0.1%

EIF traded up C$0.09 during trading on Thursday, hitting C$76.71. 81,007 shares of the stock were exchanged, compared to its average volume of 115,635. The firm has a 50 day simple moving average of C$71.54 and a 200 day simple moving average of C$61.82. The firm has a market cap of C$3.95 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 1.42 and a beta of 0.76. Exchange Income has a 1 year low of C$45.00 and a 1 year high of C$77.71. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

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.

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