Exchange Income (TSE:EIF) Price Target Lowered to C$64.00 at Royal Bank of Canada

Exchange Income (TSE:EIF - Get Free Report) had its price objective cut by investment analysts at Royal Bank of Canada from C$71.00 to C$64.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price target would suggest a potential upside of 31.04% from the stock's current price.

A number of other research firms have also recently commented on EIF. Scotiabank cut their price target 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 price target on shares of Exchange Income and gave the company a "buy" rating in a report on Thursday, January 30th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$68.22.

Exchange Income Trading Up 0.8 %

EIF traded up C$0.37 on Wednesday, hitting C$48.84. The company had a trading volume of 56,605 shares, compared to its average volume of 115,010. Exchange Income has a 12-month low of C$43.08 and a 12-month high of C$59.32. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The business's fifty day simple moving average is C$50.30 and its 200 day simple moving average is C$53.70. The company has a market cap of C$2.44 billion, a PE ratio of 19.13, a PEG ratio of 1.42 and a beta of 2.04.

Insider Activity at Exchange Income

In other Exchange Income news, Director Michael Pyle acquired 4,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of C$50.26 per share, with a total value of C$201,052.00. Also, Director Edward Warkentin bought 1,011 shares of Exchange Income stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of C$49.54 per share, with a total value of C$50,087.97. Insiders have acquired 30,311 shares of company stock valued at $1,510,455 in the last ninety days. Corporate insiders own 6.44% of the company's stock.

Exchange Income Company Profile

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.