Exchange Income Co. (TSE:EIF) Director Purchases C$29,480.00 in Stock
Exchange Income Co. (TSE:EIF) Director Serena Kraayeveld bought 1,000 shares of the company’s stock in a transaction on Friday, July 21st. The stock was purchased at an average cost of C$29.48 per share, for a total transaction of C$29,480.00.
Shares of Exchange Income Co. (TSE:EIF) traded up 0.30% during mid-day trading on Friday, hitting $29.87. The stock had a trading volume of 48,761 shares. The firm has a market cap of $923.31 million and a PE ratio of 13.92. The firm has a 50 day moving average price of $29.96 and a 200 day moving average price of $34.89. Exchange Income Co. has a 52-week low of $25.80 and a 52-week high of $45.28.
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a $0.175 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date of this dividend was Thursday, July 27th. This is a positive change from Exchange Income’s previous monthly dividend of $0.16.
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Several analysts recently issued reports on EIF shares. Royal Bank Of Canada decreased their target price on Exchange Income from C$42.00 to C$38.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 11th. Scotiabank reduced their price objective on Exchange Income from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Thursday, May 11th. TD Securities upgraded Exchange Income from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$44.00 to C$45.00 in a report on Thursday, May 11th. CIBC dropped their price objective on Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating for the company in a report on Friday, July 21st. Finally, Canaccord Genuity lowered their target price on Exchange Income from C$49.00 to C$44.00 and set a “buy” rating for the company in a report on Thursday, May 11th. Two 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’s stock. The stock currently has an average rating of “Buy” and an average price target of C$43.56.
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.
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