Exchange Income (TSE:EIF) Price Target Raised to C$72.00 at Canaccord Genuity Group

Exchange Income (TSE:EIF) had its target price increased by equities researchers at Canaccord Genuity Group from C$70.00 to C$72.00 in a report released on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 29.50% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. CIBC lifted their price target on shares of Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Ventum Financial set a C$74.00 target price on Exchange Income and gave the company a “buy” rating in a research report on Tuesday, November 5th. ATB Capital lifted their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TD Securities lowered their price objective on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$67.61.

Exchange Income Stock Up 0.9 %

EIF stock traded up C$0.51 during midday trading on Tuesday, hitting C$55.60. The company’s stock had a trading volume of 40,613 shares, compared to its average volume of 83,089. Exchange Income has a 52-week low of C$43.08 and a 52-week high of C$57.69. The firm has a 50-day simple moving average of C$52.51 and a 200-day simple moving average of C$48.64. The firm has a market capitalization of C$2.64 billion, a P/E ratio of 22.98, a PEG ratio of 1.42 and a beta of 2.04. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03.

About Exchange Income

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.