Exchange Income Co. (TSE:EIF) Director Acquires C$137,650.00 in Stock

Exchange Income Co. (TSE:EIF) Director Donald Streuber acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were purchased at an average cost of C$27.53 per share, for a total transaction of C$137,650.00.

Shares of Exchange Income Co. (TSE EIF) traded up 0.30% during trading on Friday, hitting $29.87. 48,761 shares of the stock traded hands. The stock has a 50 day moving average of $29.96 and a 200 day moving average of $34.89. The firm has a market cap of $923.31 million and a price-to-earnings ratio of 13.92. Exchange Income Co. has a 52-week low of $25.80 and a 52-week high of $45.28.

The company also recently announced a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a $0.175 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.10 dividend on an annualized basis and a yield of 7.03%. This is a positive change from Exchange Income’s previous monthly dividend of $0.16.

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A number of analysts have recently issued reports on EIF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exchange Income in a report on Tuesday, May 2nd. Canaccord Genuity dropped their price target on shares of Exchange Income from C$49.00 to C$44.00 and set a “buy” rating on the stock in a report on Thursday, May 11th. TD Securities raised shares of Exchange Income from a “hold” rating to a “buy” rating and raised their price target for the company from C$44.00 to C$45.00 in a report on Thursday, May 11th. Scotiabank dropped their price target on shares of Exchange Income from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a report on Thursday, May 11th. Finally, CIBC dropped 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. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$43.56.

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.

Insider Buying and Selling by Quarter for Exchange Income (TSE:EIF)

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