Exchange Income Co. (EIF) Price Target Cut to C$47.00 by Analysts at Laurentian

Exchange Income Co. (TSE:EIF) had its price objective trimmed by Laurentian from C$48.00 to C$47.00 in a report released on Monday.

EIF has been the subject of several other research reports. TD Securities cut their price objective on shares of Exchange Income from C$45.00 to C$42.00 and set a buy rating for the company in a research report on Monday, July 24th. Scotiabank cut their price objective on shares of 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. CIBC cut their price objective on shares of 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, Canaccord Genuity cut their price objective on shares of 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. Two investment analysts have rated the stock with a hold rating, four have issued 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$43.22.

Exchange Income (TSE EIF) traded down C$1.08 on Monday, reaching C$32.09. 122,343 shares of the company traded hands, compared to its average volume of 166,451. Exchange Income has a 1-year low of C$25.80 and a 1-year high of C$45.28.

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In other news, Director Gary Buckley bought 3,000 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was acquired at an average price of C$29.95 per share, with a total value of C$89,850.00. Also, Director Michael Pyle bought 2,000 shares of the firm’s stock in a transaction 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. Insiders bought 22,300 shares of company stock valued at $675,907 in the last ninety days.

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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