Exchange Income (TSE:EIF) Price Target Raised to C$93.00 at CIBC

Exchange Income (TSE:EIF) had its price target lifted by investment analysts at CIBC from C$85.50 to C$93.00 in a report released on Monday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 23.42% from the stock’s current price.

Several other equities research analysts have also issued reports on EIF. Royal Bank Of Canada lifted their price target on shares of Exchange Income from C$81.00 to C$85.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. TD Securities boosted their target price on shares of Exchange Income from C$70.00 to C$84.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Cormark raised their price objective 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. ATB Capital upped their target price on Exchange Income from C$70.00 to C$81.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Finally, BMO Capital Markets boosted their price target on Exchange Income from C$65.50 to C$69.50 in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Exchange Income currently has an average rating of “Buy” and an average target price of C$83.61.

Exchange Income Price Performance

TSE:EIF traded down C$2.05 during mid-day trading on Monday, reaching C$75.35. The stock had a trading volume of 179,120 shares, compared to its average volume of 117,053. Exchange Income has a 12 month low of C$45.00 and a 12 month high of C$78.91. The stock has a market capitalization of C$3.88 billion, a PE ratio of 28.65, a P/E/G ratio of 1.42 and a beta of 0.70. 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 stock has a 50-day simple moving average of C$74.33 and a two-hundred day simple moving average of C$66.41.

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.