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Exchange Income (TSE:EIF) has earned an average recommendation of “Buy” from the eleven analysts that are covering the company, ARN reports. One research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$26.34.

EIF has been the subject of a number of recent research reports. Analysts at CIBC cut their price target on shares of Exchange Income from C$27.00 to C$26.75 in a research note on Thursday. They now have a “sector outperform” rating on the stock. Separately, analysts at Edgecrest Capital upgraded shares of Exchange Income from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 19th. Finally, analysts at LB Securities upgraded shares of Exchange Income to a “top pick” rating in a research note on Monday, June 9th.

Shares of Exchange Income (TSE:EIF) opened at 19.00 on Tuesday. Exchange Income has a 1-year low of $16.75 and a 1-year high of $26.59. The stock has a 50-day moving average of $21.84 and a 200-day moving average of $21.40. The company has a market cap of $414.4 million and a P/E ratio of 54.49.

The company also recently declared a jun 14 dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.14 per share. This represents a yield of 7.37%. The ex-dividend date of this dividend is Thursday, June 26th.

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

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