Exchange Income Co. (TSE:EIF) Director Duncan Draper Jessiman acquired 1,625 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average cost of C$33.49 per share, for a total transaction of C$54,421.25.
Exchange Income Co. (TSE EIF) traded up 3.09% during mid-day trading on Wednesday, reaching $30.02. 197,849 shares of the company were exchanged. The stock has a 50 day moving average of $33.71 and a 200-day moving average of $38.24. Exchange Income Co. has a one year low of $28.63 and a one year high of $45.28. The stock has a market capitalization of $934.91 million and a price-to-earnings ratio of 15.45.
EIF has been the topic of several recent analyst reports. Scotiabank dropped 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 report on Thursday, May 11th. TD Securities raised shares of Exchange Income from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$44.00 to C$45.00 in a research report on Thursday, May 11th. Canaccord Genuity reduced their price objective on shares of Exchange Income from C$49.00 to C$44.00 and set a “buy” rating for the company in a research report on Thursday, May 11th. Royal Bank Of Canada reduced their price objective on shares of Exchange Income from C$42.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Thursday, May 11th. Finally, Raymond James Financial, Inc. raised shares of Exchange Income from an “outperform” rating to a “strong-buy” rating and set a C$48.00 price objective for the company in a research report on Friday, February 24th. One analyst has 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 an average rating of “Buy” and a consensus target price of C$45.22.
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.
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