Exchange Income Co. (EIF) Given New C$43.00 Price Target at Scotiabank

Exchange Income Co. (TSE:EIF) had its price target upped by Scotiabank from C$42.00 to C$43.00 in a research note released on Wednesday morning. Scotiabank currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Laurentian Bank of Canada cut their price target on Exchange Income from C$48.00 to C$47.00 in a research note on Monday. Laurentian cut their price objective on Exchange Income from C$48.00 to C$47.00 in a research note on Monday. Canaccord Genuity cut their price objective on Exchange Income from C$44.00 to C$42.00 and set a buy rating on the stock in a research note on Friday, July 21st. TD Securities raised their price objective on Exchange Income from C$42.00 to C$43.00 and gave the company a buy rating in a research note on Friday, October 6th. Finally, CIBC cut their price objective on 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. Two investment 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 stock. The company currently has a consensus rating of Buy and an average target price of C$43.78.

Exchange Income (TSE EIF) traded up C$0.45 on Wednesday, hitting C$32.49. The stock had a trading volume of 162,150 shares, compared to its average volume of 165,858. 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 related news, Director Michael Pyle purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were acquired at an average price of C$33.64 per share, with a total value of C$67,280.00. Also, Director Gary Buckley purchased 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of C$30.79 per share, for a total transaction of C$49,264.00. Insiders have bought a total of 15,600 shares of company stock worth $476,304 in the last three months.

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.

Analyst Recommendations for Exchange Income (TSE:EIF)

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