Exchange Income (TSE:EIF) PT Set at C$59.00 by BMO Capital Markets

Exchange Income (TSE:EIF) has been given a C$59.00 price target by equities researchers at BMO Capital Markets in a research note issued to investors on Tuesday, July 15th, Marketbeat.com reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential downside of 10.46% from the stock’s previous close.

EIF has been the subject of a number of other research reports. Desjardins raised shares of Exchange Income to a “moderate buy” rating and set a C$73.00 price objective for the company in a report on Thursday, July 3rd. Scotiabank upped their target price on Exchange Income from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. National Bankshares upped their target price on Exchange Income from C$73.00 to C$81.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. ATB Capital boosted their target price on Exchange Income from C$68.00 to C$70.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Finally, TD Securities boosted their target price on Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$70.83.

Exchange Income Price Performance

Shares of EIF opened at C$65.89 on Tuesday. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The company has a market cap of C$3.29 billion, a P/E ratio of 25.81, a PEG ratio of 1.42 and a beta of 2.04. The stock has a fifty day moving average price of C$60.10 and a 200 day moving average price of C$54.80. Exchange Income has a 12 month low of C$45.00 and a 12 month high of C$68.01.

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.