Exchange Income Co. (EIF) Given New C$49.00 Price Target at Laurentian Bank of Canada
Exchange Income Co. (TSE:EIF) had its target price lifted by stock analysts at Laurentian Bank of Canada from C$41.00 to C$49.00 in a research note issued to investors on Thursday. Laurentian Bank of Canada’s target price would suggest a potential upside of 13.24% from the stock’s previous close.
A number of other research firms have also issued reports on EIF. Laurentian increased their target price on Exchange Income from C$41.00 to C$49.00 in a report on Thursday. National Bank Financial increased their target price on Exchange Income from C$42.00 to C$47.00 and gave the company an “outperform” rating in a report on Monday. Raymond James Financial Inc. lowered Exchange Income from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 26th. Scotiabank increased their target price on Exchange Income from C$38.50 to C$41.00 and gave the company an “outperform” rating in a report on Friday, November 11th. Finally, CIBC increased their target price on Exchange Income from C$36.00 to C$39.00 in a report on Friday, November 11th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Exchange Income currently has a consensus rating of “Buy” and a consensus target price of C$42.89.
Shares of Exchange Income (TSE:EIF) traded up 0.67% during midday trading on Thursday, hitting $43.56. The stock had a trading volume of 48,807 shares. The firm has a 50-day moving average price of $38.17 and a 200-day moving average price of $34.32. The firm has a market cap of $1.25 billion and a price-to-earnings ratio of 21.61. Exchange Income has a 1-year low of $21.21 and a 1-year high of $43.72.
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About Exchange Income
Exchange Income Corporation is focused on opportunities in two sectors: aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation, which provides scheduled airline and charter service and emergency medical services to communities located in Manitoba, Ontario and Nunavut.
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