Canaccord Genuity Cuts Exchange Income Co. (EIF) Price Target to C$44.00

Exchange Income Co. (TSE:EIF) had its price target dropped by analysts at Canaccord Genuity from C$49.00 to C$44.00 in a research report issued on Thursday, May 11th. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 50.43% from the company’s current price.

Several other research firms have also commented on EIF. Scotiabank reiterated an “outperform” rating and issued a C$44.00 target price on shares of Exchange Income in a research note on Friday, February 24th. TD Securities upped their price target on Exchange Income from C$43.00 to C$44.00 and gave the stock a “hold” rating in a research note on Friday, February 24th. Raymond James Financial, Inc. upgraded Exchange Income from an “outperform” rating to a “strong-buy” rating and set a C$48.00 price target for the company in a research note on Friday, February 24th. Finally, Royal Bank of Canada lowered Exchange Income from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$45.00 to C$42.00 in a research note on Friday, February 24th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Exchange Income has an average rating of “Buy” and an average price target of C$45.22.

Analyst Recommendations for Exchange Income (TSE:EIF)

Exchange Income (TSE EIF) opened at 29.25 on Thursday. The company has a 50 day moving average of $33.98 and a 200-day moving average of $38.46. The stock has a market cap of $910.93 million and a P/E ratio of 15.05. Exchange Income has a 12-month low of $28.63 and a 12-month high of $45.28.

TRADEMARK VIOLATION WARNING: “Canaccord Genuity Cuts Exchange Income Co. (EIF) Price Target to C$44.00” was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/06/17/canaccord-genuity-lowers-exchange-income-co-eif-price-target-to-c44-00-updated-updated-updated.html.

In other Exchange Income news, Director Gary Filmon purchased 1,000 shares of Exchange Income stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average price of C$32.75 per share, with a total value of C$32,750.00. Also, Director Edward Warkentin purchased 1,375 shares of Exchange Income stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average cost of C$35.45 per share, with a total value of C$48,743.75. Insiders bought 15,543 shares of company stock valued at $524,662 in the last ninety days.

About Exchange Income

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.

What are top analysts saying about Exchange Income Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Exchange Income Co. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit