Exchange Income (TSE:EIF) Price Target Raised to C$72.00 at Canaccord Genuity Group

Exchange Income (TSE:EIF) had its target price hoisted by investment analysts at Canaccord Genuity Group from C$70.00 to C$72.00 in a research report issued on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 29.50% from the company’s previous close.

EIF has been the subject of a number of other research reports. CIBC boosted their target price on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Ventum Financial set a C$74.00 target price on Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, November 5th. National Bankshares upped their target price on shares of Exchange Income from C$61.00 to C$68.00 in a research report on Monday. Ventum Cap Mkts upgraded Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, TD Securities decreased their price objective on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Exchange Income has an average rating of “Buy” and an average target price of C$67.61.

Exchange Income Stock Performance

Shares of TSE EIF traded up C$0.51 during mid-day trading on Tuesday, hitting C$55.60. The company had a trading volume of 40,613 shares, compared to its average volume of 83,089. Exchange Income has a 1 year low of C$43.08 and a 1 year high of C$57.69. The stock’s 50-day moving average price is C$52.51 and its 200-day moving average price is C$48.64. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. The company has a market capitalization of C$2.64 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 1.42 and a beta of 2.04.

About Exchange Income

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.