Exchange Income (TSE:EIF) Price Target Raised to C$66.00

Exchange Income (TSE:EIF) had its price objective hoisted by Scotiabank from C$64.00 to C$66.00 in a research report released on Thursday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on EIF. Paradigm Capital set a C$69.00 price objective on Exchange Income and gave the stock a “buy” rating in a research note on Thursday, January 30th. CIBC boosted their price target on Exchange Income from C$69.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Thursday. ATB Capital boosted their price objective on Exchange Income from C$68.00 to C$70.00 and gave the company an “outperform” rating in a report on Thursday. TD Securities boosted their price objective on Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group upped their target price on Exchange Income from C$75.00 to C$77.00 and gave the company a “buy” rating in a report on Thursday. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exchange Income presently has a consensus rating of “Buy” and an average target price of C$70.50.

Exchange Income Price Performance

Shares of Exchange Income stock opened at C$56.90 on Thursday. Exchange Income has a twelve month low of C$43.08 and a twelve month high of C$59.32. The stock has a market capitalization of C$2.84 billion, a P/E ratio of 22.29, a PEG 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 business’s fifty day moving average price is C$51.45 and its 200 day moving average price is C$53.60.

Insiders Place Their Bets

In related news, Director Brad Bennett acquired 25,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of C$49.77 per share, for a total transaction of C$1,244,182.50. Also, Director Edward Warkentin acquired 1,011 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of C$49.54 per share, with a total value of C$50,087.97. Insiders bought 30,311 shares of company stock worth $1,510,455 over the last ninety days. Company 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.