Exchange Income Co. (EIF) Price Target Raised to C$42.50 at Canaccord Genuity
A number of other research analysts have also recently issued reports on the stock. CIBC decreased their price objective on shares of Exchange Income from C$39.00 to C$35.00 and set a neutral rating on the stock in a research note on Friday, July 21st. Scotiabank decreased their price objective on shares of Exchange Income from C$43.00 to C$42.00 and set an outperform rating on the stock in a research note on Friday, July 21st. Raymond James Financial, Inc. lifted their price objective on shares of Exchange Income from C$48.00 to C$49.00 and gave the company a strong-buy rating in a research note on Wednesday. TD Securities boosted their target price on shares of Exchange Income from C$42.00 to C$43.00 and gave the stock a buy rating in a research note on Friday, October 6th. Finally, Royal Bank Of Canada boosted their target price on shares of Exchange Income from C$38.00 to C$39.00 and gave the stock a sector perform rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of C$43.83.
Shares of Exchange Income (TSE:EIF) traded up C$0.82 during trading hours on Friday, reaching C$35.64. 145,500 shares of the company were exchanged, compared to its average volume of 166,009. Exchange Income has a fifty-two week low of C$25.80 and a fifty-two week high of C$45.28.
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In other Exchange Income news, Director Michael Pyle acquired 2,000 shares of Exchange Income stock in a transaction that occurred on Tuesday, September 12th. The shares were bought 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 Exchange Income stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average cost of C$29.93 per share, for a total transaction of C$89,790.00. In the last ninety days, insiders have acquired 12,600 shares of company stock worth $386,454.
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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