Exchange Income Co. (EIF) Receives Consensus Rating of “Buy” from Brokerages
Exchange Income Co. (TSE:EIF) has received an average recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$43.67.
Several research firms have recently weighed in on EIF. TD Securities increased their price target on Exchange Income from C$42.00 to C$43.00 and gave the company a “buy” rating in a report on Friday, October 6th. 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. 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. 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. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a C$38.00 price objective on shares of Exchange Income in a research note on Friday, July 7th.
In other Exchange Income news, Director Gary Buckley purchased 3,400 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of C$29.89 per share, for a total transaction of C$101,626.00. Also, Director Brad Bennett purchased 2,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was acquired at an average price of C$29.73 per share, with a total value of C$59,460.00. Insiders bought a total of 32,600 shares of company stock valued at $981,955 over the last 90 days.
COPYRIGHT VIOLATION NOTICE: “Exchange Income Co. (EIF) Receives Consensus Rating of “Buy” from Brokerages” was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/02/exchange-income-co-eif-receives-consensus-rating-of-buy-from-brokerages.html.
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.
Receive News & Ratings for Exchange Income Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exchange Income Co. and related companies with MarketBeat.com's FREE daily email newsletter.