Exchange Income Co. (EIF) Director Michael Pyle Buys 2,000 Shares
Exchange Income Co. (TSE:EIF) Director Michael Pyle purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was bought at an average price of C$33.64 per share, for a total transaction of C$67,280.00.
Shares of Exchange Income Co. (TSE EIF) opened at 33.67 on Wednesday. The stock has a market capitalization of $1.04 billion and a price-to-earnings ratio of 15.69. Exchange Income Co. has a 52-week low of $25.80 and a 52-week high of $45.28. The firm’s 50 day moving average is $30.04 and its 200 day moving average is $33.91.
The company also recently announced a monthly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a $0.175 dividend. This is an increase from Exchange Income’s previous monthly dividend of $0.16. This represents a $2.10 annualized dividend and a yield of 6.24%. The ex-dividend date was Thursday, July 27th.
A number of research firms have recently commented on EIF. TD Securities cut 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 report on Monday, July 24th. Canaccord Genuity cut their price target on shares of Exchange Income from C$44.00 to C$42.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Scotiabank cut their price target on shares of Exchange Income from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a report on Friday, July 21st. CIBC cut 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 report on Friday, July 21st. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a C$38.00 price target on shares of Exchange Income in a report on Friday, July 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently 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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