Exchange Income Co. (TSE:EIF) had its price objective raised by investment analysts at Scotiabank from C$42.00 to C$43.00 in a report released on Wednesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 34.21% from the company’s current price.

Several other brokerages have also commented on EIF. CIBC dropped their price target 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. TD Securities dropped their price target on shares of Exchange Income from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research note on Monday, July 24th. Laurentian Bank of Canada dropped their price target on shares of Exchange Income from C$48.00 to C$47.00 in a research note on Monday. Laurentian dropped their price target on shares of Exchange Income from C$48.00 to C$47.00 in a research note on Monday. Finally, Raymond James Financial, Inc. increased their price target on shares of Exchange Income from C$48.00 to C$49.00 and gave the stock a “strong-buy” 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. The company has an average rating of “Buy” and an average target price of C$43.56.

Shares of Exchange Income (TSE EIF) traded down C$0.05 on Wednesday, hitting C$32.04. 40,454 shares of the stock traded hands, compared to its average volume of 165,875. Exchange Income has a 52 week low of C$25.80 and a 52 week high of C$45.28.

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In other news, Director Gary Buckley acquired 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average cost of C$29.89 per share, with a total value of C$101,626.00. Also, Director Michael Pyle acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average cost of C$33.64 per share, with a total value of C$67,280.00. Over the last ninety days, insiders have purchased 19,000 shares of company stock valued at $577,930.

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.

Analyst Recommendations for Exchange Income (TSE:EIF)

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