Shares of Exchange Income Co. (TSE:EIF – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$53.84 and traded as high as C$58.43. Exchange Income shares last traded at C$58.25, with a volume of 158,163 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on EIF shares. Royal Bank Of Canada lifted their target price on Exchange Income from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. ATB Capital lifted their target price on Exchange Income from C$68.00 to C$70.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Canaccord Genuity Group boosted their price target on Exchange Income from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. CIBC boosted their price target on Exchange Income from C$69.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Finally, TD Securities boosted their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$70.50.
Check Out Our Latest Stock Report on Exchange Income
Exchange Income Trading Up 0.3%
Exchange Income Company Profile
Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.
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