Canaccord Genuity Group Raises Exchange Income (TSE:EIF) Price Target to C$77.00

Exchange Income (TSE:EIF) had its target price raised by analysts at Canaccord Genuity Group from C$75.00 to C$77.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 35.54% from the company’s current price.

A number of other brokerages also recently commented on EIF. TD Securities lifted their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a research note on Thursday. Paradigm Capital set a C$69.00 target price on shares of Exchange Income and gave the stock a “buy” rating in a research note on Thursday, January 30th. Scotiabank reduced their target price on shares of Exchange Income from C$65.00 to C$64.00 in a research note on Friday, February 28th. Royal Bank of Canada reduced their target price on shares of Exchange Income from C$71.00 to C$64.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. Finally, CIBC boosted their price target on shares of Exchange Income from C$69.00 to C$73.00 and gave the company an “outperform” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$70.50.

Exchange Income Price Performance

Shares of EIF stock opened at C$56.81 on Thursday. 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 firm’s 50-day moving average is C$51.58 and its two-hundred day moving average is C$53.62. Exchange Income has a 12 month low of C$43.08 and a 12 month high of C$59.32. The company has a market capitalization of C$2.83 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Insider Activity

In other Exchange Income news, Director Edward Warkentin bought 1,011 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of C$49.54 per share, with a total value of C$50,087.97. Also, Director Michael Pyle bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of C$50.26 per share, for a total transaction of C$201,052.00. In the last three months, insiders have purchased 30,311 shares of company stock valued at $1,510,455. Company insiders own 6.44% of the company’s stock.

Exchange Income Company Profile

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.