Royal Bank Of Canada Boosts Exchange Income (TSE:EIF) Price Target to C$85.00

Exchange Income (TSE:EIF) had its target price hoisted by research analysts at Royal Bank Of Canada from C$81.00 to C$85.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 12.09% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. National Bankshares boosted their price target 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, August 13th. TD Securities boosted their price target 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. Paradigm Capital boosted their price target on shares of Exchange Income from C$68.00 to C$82.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Ventum Financial set a C$81.00 price target on shares of Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Finally, Scotiabank boosted their price target on shares of Exchange Income from C$66.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$81.11.

Exchange Income Trading Down 1.2%

Shares of Exchange Income stock opened at C$75.83 on Thursday. The company has a market capitalization of C$3.90 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.42 and a beta of 0.76. Exchange Income has a fifty-two week low of C$45.00 and a fifty-two week high of C$77.71. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The company has a fifty day moving average of C$71.96 and a 200 day moving average of C$62.17.

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.