Exchange Income Co. (TSE:EIF) Receives C$68.22 Average Price Target from Brokerages

Exchange Income Co. (TSE:EIF) has been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$68.22.

EIF has been the subject of a number of recent research reports. Scotiabank reduced their target price on shares of Exchange Income from C$65.00 to C$64.00 in a report on Friday, February 28th. Paradigm Capital set a C$69.00 target price on shares of Exchange Income and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada cut their price objective on shares of Exchange Income from C$71.00 to C$64.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th.

Insider Activity at Exchange Income

In other news, Director Brad Bennett bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of C$49.77 per share, for a total transaction of C$1,244,182.50. Also, Director Michael Pyle bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of C$50.26 per share, for a total transaction of C$201,052.00. Insiders have bought a total of 30,311 shares of company stock worth $1,510,455 over the last quarter. Insiders own 6.44% of the company’s stock.

Exchange Income Stock Performance

Shares of Exchange Income stock opened at C$58.18 on Friday. The company has a market capitalization of C$2.90 billion, a PE ratio of 22.79, a P/E/G ratio of 1.42 and a beta of 2.04. 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 50-day simple moving average of C$50.82 and a two-hundred day simple moving average of C$53.52. Exchange Income has a one year low of C$43.08 and a one year high of C$59.32.

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.