Scotiabank Increases Exchange Income (TSE:EIF) Price Target to C$66.00

Exchange Income (TSE:EIF) had its price objective boosted by analysts at Scotiabank from C$64.00 to C$66.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 16.18% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Paradigm Capital set a C$69.00 price objective on Exchange Income and gave the company a “buy” rating in a report on Thursday, January 30th. Canaccord Genuity Group raised their target price on Exchange Income from C$75.00 to C$77.00 and gave the company a “buy” rating in a research note on Thursday. CIBC raised their target price on Exchange Income from C$69.00 to C$73.00 and gave the company an “outperform” rating in a research note on Thursday. Royal Bank of Canada raised their target price on Exchange Income from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, TD Securities raised their target price on Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research note on Thursday. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$70.50.

Exchange Income Stock Down 0.2%

Shares of TSE EIF opened at C$56.81 on Thursday. The stock has a market cap of C$2.83 billion, a PE ratio of 22.26, a PEG ratio of 1.42 and a beta of 2.04. The business has a fifty day moving average of C$51.58 and a two-hundred day moving average of C$53.62. Exchange Income has a 52-week low of C$43.08 and a 52-week high of C$59.32. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

Insider Activity

In other news, Director Michael Pyle acquired 4,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of C$50.26 per share, for a total transaction of C$201,052.00. Also, Director Brad Bennett acquired 25,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of C$49.77 per share, with a total value of C$1,244,182.50. Over the last ninety days, insiders acquired 30,311 shares of company stock worth $1,510,455. 6.44% of the stock is owned by corporate insiders.

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.