Exchange Income Co. (EIF) Given New C$42.00 Price Target at Canaccord Genuity
Exchange Income Co. (TSE:EIF) had its price target decreased by research analysts at Canaccord Genuity from C$44.00 to C$42.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 38.84% from the stock’s current price.
Several other research analysts also recently commented on EIF. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exchange Income in a research note on Tuesday, May 2nd. TD Securities raised shares of Exchange Income from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$44.00 to C$45.00 in a research note on Thursday, May 11th. Finally, Scotiabank decreased their target price on shares of Exchange Income from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Thursday, May 11th. Two analysts have 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 presently has an average rating of “Buy” and an average target price of C$43.89.
Shares of Exchange Income (EIF) traded down 2.74% on Friday, reaching $29.50. 476,855 shares of the company traded hands. The stock’s 50 day moving average price is $31.89 and its 200-day moving average price is $36.66. Exchange Income has a one year low of $28.63 and a one year high of $45.28. The stock has a market capitalization of $918.72 million and a P/E ratio of 15.18.
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In other news, Director Gary Filmon purchased 2,700 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were bought at an average price of C$32.03 per share, for a total transaction of C$86,481.00. Also, Director Edward Warkentin purchased 1,375 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average price of C$35.45 per share, for a total transaction of C$48,743.75. In the last 90 days, insiders have bought 15,543 shares of company stock worth $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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