Exchange Income (TSE:EIF) Price Target Raised to C$81.00 at Royal Bank Of Canada

Exchange Income (TSE:EIF) had its price objective increased by Royal Bank Of Canada from C$74.00 to C$81.00 in a report released on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Raymond James Financial lifted their price target on shares of Exchange Income from C$80.00 to C$85.00 and gave the company a “strong-buy” rating in a report on Wednesday. CIBC boosted their target price on shares of Exchange Income from C$74.50 to C$84.50 and gave the company an “outperform” rating in a research report on Wednesday. TD Securities upped their price objective on shares of Exchange Income from C$70.00 to C$84.00 and gave the stock a “buy” rating in a report on Wednesday. National Bankshares upped their target price on shares of Exchange Income from C$71.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Desjardins increased their price target on shares of Exchange Income from C$73.00 to C$84.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$79.68.

Exchange Income Price Performance

Shares of TSE:EIF opened at C$74.98 on Wednesday. The firm has a 50 day moving average of C$63.67 and a 200-day moving average of C$56.24. The stock has a market capitalization of C$3.74 billion, a PE ratio of 29.37, a PEG ratio of 1.42 and a beta of 2.04. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. Exchange Income has a 12 month low of C$45.00 and a 12 month high of C$75.13.

Exchange Income Dividend Announcement

The business also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a $0.22 dividend. Exchange Income’s dividend payout ratio is currently 103.42%.

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.