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.
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