Exchange Income Co. (TSE:EIF) has received an average rating of “Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$43.67.
EIF has been the subject of a number of research reports. TD Securities boosted their price objective on Exchange Income from C$42.00 to C$43.00 and gave the company a “buy” rating in a research note on Friday, October 6th. Canaccord Genuity reduced their price objective on Exchange Income from C$44.00 to C$42.00 and set a “buy” rating for the company in a research note on Friday, July 21st. CIBC reduced their price objective on Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Finally, Scotiabank reduced their price objective on Exchange Income from C$43.00 to C$42.00 and set an “outperform” rating for the company in a research note on Friday, July 21st.
Shares of Exchange Income (EIF) traded down C$0.40 during midday trading on Thursday, reaching C$33.56. The company’s stock had a trading volume of 95,900 shares, compared to its average volume of 97,208. Exchange Income has a one year low of C$25.80 and a one year high of C$45.28.
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In other Exchange Income news, Director Michael Pyle acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average price of C$33.64 per share, with a total value of C$67,280.00. Also, Director Gary Buckley acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of C$29.60 per share, for a total transaction of C$88,800.00. Insiders have bought 30,600 shares of company stock valued at $922,495 in the last 90 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.
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