Brokerages Set Exchange Income Co. (EIF) Target Price at $46.22

Shares of Exchange Income Co. (TSE:EIF) have received an average rating of “Buy” from the nine ratings firms that are covering the firm. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$46.22.

Several analysts have recently weighed in on the stock. Scotiabank lowered their price objective on shares of Exchange Income from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research note on Thursday, January 5th. CIBC lifted their price objective on shares of Exchange Income from C$39.00 to C$44.00 in a research note on Thursday, January 5th. TD Securities lifted their price objective on shares of Exchange Income from C$39.00 to C$42.00 and gave the company a “hold” rating in a research note on Thursday, January 5th. Raymond James Financial, Inc. upgraded shares of Exchange Income from an “outperform” rating to a “strong-buy” rating and set a C$48.00 price objective for the company in a research note on Friday, February 24th. Finally, Royal Bank of Canada lowered shares of Exchange Income from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$45.00 to C$42.00 in a research note on Friday, February 24th.

Shares of Exchange Income (TSE:EIF) traded down 0.83% on Monday, reaching $38.16. 86,644 shares of the company traded hands. Exchange Income has a 52-week low of $28.05 and a 52-week high of $45.28. The stock has a market cap of $1.10 billion and a price-to-earnings ratio of 18.03. The stock has a 50 day moving average of $38.38 and a 200 day moving average of $39.63.

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About Exchange Income

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.

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