Royal Bank of Canada Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price target upped by Royal Bank of Canada from C$65.00 to C$71.00 in a note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 26.42% from the stock’s current price.

Other research analysts have also issued reports about the company. ATB Capital raised their price target on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Ventum Cap Mkts raised shares of Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th. Ventum Financial set a C$74.00 price target on shares of Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, November 5th. CIBC increased their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Canaccord Genuity Group boosted their target price on Exchange Income from C$70.00 to C$72.00 in a report on Tuesday. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$68.28.

Exchange Income Stock Performance

EIF opened at C$56.16 on Thursday. Exchange Income has a twelve month low of C$43.08 and a twelve month high of C$57.69. The stock has a market cap of C$2.67 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The business’s 50 day moving average is C$53.05 and its 200-day moving average is C$48.89. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03.

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.