National Bankshares Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its price target boosted by analysts at National Bankshares from C$71.00 to C$84.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 14.10% from the company’s current price.

A number of other brokerages have also commented on EIF. Cormark boosted their price target on Exchange Income from C$67.00 to C$78.50 and gave the company a “buy” rating in a report on Thursday, July 31st. BMO Capital Markets boosted their price target on Exchange Income from C$59.00 to C$65.50 and gave the company a “market perform” rating in a report on Wednesday. Scotiabank boosted their price target on Exchange Income from C$64.00 to C$66.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. TD Securities boosted their price target on Exchange Income from C$70.00 to C$84.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Canaccord Genuity Group boosted their price target on Exchange Income from C$77.00 to C$80.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$79.68.

Exchange Income Stock Performance

Shares of Exchange Income stock opened at C$73.62 on Wednesday. The firm has a market cap of C$3.67 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The stock’s 50-day moving average is C$64.02 and its 200-day moving average is C$56.36. Exchange Income has a one year low of C$45.00 and a one year high of C$75.13. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13.

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.