Exchange Income Co. (EIF) Price Target Lowered to C$38.00 at Royal Bank of Canada

Exchange Income Co. (TSE:EIF) had its price target decreased by Royal Bank of Canada from C$42.00 to C$38.00 in a research report released on Thursday, May 11th. Royal Bank of Canada currently has a sector perform rating on the stock.

Other research analysts also recently issued reports about the company. Canaccord Genuity reduced their price objective on Exchange Income from C$49.50 to C$49.00 in a research note on Friday, February 24th. TD Securities raised their target price 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. Scotiabank reaffirmed an outperform rating and issued a C$44.00 target price on shares of Exchange Income in a research note on Friday, February 24th. Finally, Raymond James Financial, Inc. raised Exchange Income from an outperform rating to a strong-buy rating and set a C$48.00 target price for the company in a research note on Friday, February 24th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$45.22.

Exchange Income (TSE EIF) opened at 29.25 on Thursday. Exchange Income has a 12-month low of $28.63 and a 12-month high of $45.28. 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.

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In other news, insider Adam Terwin bought 4,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average cost of C$34.40 per share, for a total transaction of C$137,600.00. Also, Director Gary Filmon bought 2,700 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were purchased at an average price of C$32.03 per share, with a total value of C$86,481.00. Over the last quarter, insiders have bought 15,543 shares of company stock valued at $524,662.

Exchange Income Company Profile

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.

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