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Exchange Income (TSE:EIF) was upgraded by equities research analysts at LB Securities to a “top pick” rating in a research note issued to investors on Monday.

EIF has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Exchange Income from C$19.50 to C$22.50 in a research note on Friday, May 16th. Separately, analysts at CIBC raised their price target on shares of Exchange Income from C$26.75 to C$27.00 in a research note on Friday, May 16th. They now have a “sector outperform” rating on the stock. Finally, analysts at Scotiabank reiterated an “outperform” rating on shares of Exchange Income in a research note on Monday, April 14th. They now have a C$26.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$26.38.

Shares of Exchange Income (TSE:EIF) traded up 0.82% during mid-day trading on Monday, hitting $20.99. 46,995 shares of the company’s stock traded hands. Exchange Income has a 52 week low of $16.75 and a 52 week high of $26.72. The stock’s 50-day moving average is $20.05 and its 200-day moving average is $21.36. The company has a market cap of $457.9 million and a price-to-earnings ratio of 59.49.

The company also recently declared a may 14 dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.14 per share. This represents a yield of 7.78%. The ex-dividend date of this dividend is Wednesday, May 28th.

Exchange Income Corporation is a diversified acquisition-oriented company, focused on opportunities in the industrial products and transportation sectors.

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