TD Securities Raises Exchange Income Co. (EIF) Price Target to C$43.00
Exchange Income Co. (TSE:EIF) had its price target boosted by research analysts at TD Securities from C$42.00 to C$43.00 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 22.51% from the stock’s previous close.
A number of other equities research analysts have also commented on EIF. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$38.00 price target on shares of Exchange Income in a research report on Friday, July 7th. Canaccord Genuity lowered their price target on Exchange Income from C$44.00 to C$42.00 and set a “buy” rating for the company in a research report on Friday, July 21st. CIBC lowered their price target on Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Finally, Scotiabank lowered their price target on Exchange Income from C$43.00 to C$42.00 and set an “outperform” rating for the company in a research report on Friday, July 21st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Exchange Income currently has an average rating of “Buy” and an average target price of C$43.67.
Shares of Exchange Income (EIF) traded down 1.57% during trading on Friday, reaching $34.55. 66,034 shares of the company were exchanged. Exchange Income has a one year low of $25.80 and a one year high of $45.28. The firm’s 50 day moving average price is $32.63 and its 200 day moving average price is $33.43. The company has a market capitalization of $1.07 billion and a PE ratio of 16.10.
In other Exchange Income news, Director Brad Bennett bought 3,500 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was purchased at an average cost of C$26.00 per share, with a total value of C$91,000.00. Also, Director Serena Kraayeveld bought 1,000 shares of the firm’s stock in a transaction dated Friday, July 21st. The shares were acquired at an average cost of C$29.48 per share, with a total value of C$29,480.00. Over the last ninety days, insiders have bought 77,760 shares of company stock valued at $2,253,017.
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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