Exchange Income (TSE:EIF) Stock Price Expected to Rise, Scotiabank Analyst Says

Exchange Income (TSE:EIF) had its price objective boosted by analysts at Scotiabank from C$66.00 to C$80.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 8.67% from the company’s previous close.

Several other research firms have also weighed in on EIF. TD Securities lifted their price objective on Exchange Income from C$70.00 to C$84.00 and gave the stock a “buy” rating in a research report on Wednesday. ATB Capital lifted their price objective on Exchange Income from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective on Exchange Income from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Canaccord Genuity Group lifted their price objective on Exchange Income from C$77.00 to C$80.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Desjardins lifted their price objective on Exchange Income from C$73.00 to C$84.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$79.68.

Exchange Income Stock Performance

EIF stock opened at C$73.62 on Wednesday. The stock has a 50-day moving average price of C$64.02 and a 200-day moving average price of C$56.36. Exchange Income has a 1-year low of C$45.00 and a 1-year high of C$75.13. 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 firm has a market cap of C$3.67 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

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.