Exchange Income (TSE:EIF) Price Target Raised to C$45.00
Exchange Income (TSE:EIF) had its price objective increased by Canaccord Genuity from C$44.00 to C$45.00 in a report issued on Monday morning, BayStreet.CA reports.
Several other analysts have also recently commented on the stock. TD Securities boosted their price target on shares of Exchange Income from C$46.00 to C$47.00 and gave the stock a buy rating in a research note on Thursday, October 31st. National Bank Financial reiterated an outperform rating and issued a C$47.00 price target on shares of Exchange Income in a research note on Tuesday, October 29th. CIBC boosted their target price on shares of Exchange Income from C$41.00 to C$42.00 in a report on Wednesday, October 30th. Royal Bank of Canada boosted their target price on shares of Exchange Income from C$38.00 to C$40.00 and gave the stock a sector perform rating in a report on Friday, August 9th. Finally, Raymond James restated a strong-buy rating and issued a C$55.00 target price on shares of Exchange Income in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of C$46.28.
EIF stock traded down C$0.58 during mid-day trading on Monday, hitting C$43.79. The company had a trading volume of 101,617 shares, compared to its average volume of 92,787. The company has a market capitalization of $1.52 billion and a price-to-earnings ratio of 19.78. Exchange Income has a 12-month low of C$25.58 and a 12-month high of C$44.68. The company has a quick ratio of 1.18, a current ratio of 2.25 and a debt-to-equity ratio of 184.79. The company has a 50-day moving average price of C$39.52 and a 200 day moving average price of C$38.11.
About Exchange Income
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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