Shares of Exchange Income Co. (TSE:EIF) shot up 1.4% during mid-day trading on Thursday after TD Securities raised their price target on the stock from C$43.00 to C$45.00. TD Securities currently has a buy rating on the stock. Exchange Income traded as high as C$32.63 and last traded at C$32.49. 162,150 shares were traded during trading, a decline of 2% from the average session volume of 165,858 shares. The stock had previously closed at C$32.04.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada boosted their price objective on shares of Exchange Income from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a research note on Wednesday. Canaccord Genuity lowered 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 note on Friday, July 21st. CIBC lowered 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 note on Friday, July 21st. Scotiabank lowered 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 note on Friday, July 21st. Finally, Laurentian lowered their price objective on shares of Exchange Income from C$48.00 to C$47.00 in a research note on Monday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Exchange Income currently has a consensus rating of “Buy” and a consensus target price of C$43.78.

In other news, Director Michael Pyle acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was bought at an average cost of C$33.64 per share, with a total value of C$67,280.00. Also, Director Gary Buckley acquired 3,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was purchased at an average cost of C$29.93 per share, with a total value of C$89,790.00. Over the last ninety days, insiders have purchased 12,600 shares of company stock valued at $386,454.

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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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