Exchange Income (EIF) Price Target Raised to C$43.00 at Scotiabank

Exchange Income (TSE:EIF) had its target price lifted by Scotiabank from C$42.00 to C$43.00 in a research note issued on Wednesday, November 15th. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 16.25% from the company’s current price.

Several other brokerages have also recently issued reports on EIF. TD Securities raised their price objective on Exchange Income from C$42.00 to C$43.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. Laurentian reduced their price objective on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Laurentian Bank of Canada reduced their price objective on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Royal Bank Of Canada raised their price objective on Exchange Income from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 15th. Finally, Raymond James Financial raised their price objective on Exchange Income from C$48.00 to C$49.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, November 15th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$43.50.

Shares of Exchange Income (TSE:EIF) remained flat at $C$36.99 on Wednesday. The company’s stock had a trading volume of 62,548 shares, compared to its average volume of 162,013. Exchange Income has a 52-week low of C$25.80 and a 52-week high of C$45.28.

In related news, Director Michael Pyle bought 2,000 shares of the company’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.

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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.

Analyst Recommendations for Exchange Income (TSE:EIF)

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