Exchange Income Co. (TSE:EIF) Director Serena Kraayeveld bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average price of C$29.48 per share, with a total value of C$29,480.00.
Shares of Exchange Income Co. (TSE:EIF) remained flat at $29.78 on Thursday. The stock had a trading volume of 50,817 shares. The firm has a 50 day moving average price of $30.05 and a 200 day moving average price of $34.97. Exchange Income Co. has a 12 month low of $25.80 and a 12 month high of $45.28. The stock has a market cap of $920.53 million and a price-to-earnings ratio of 13.88.
The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a $0.175 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date was Thursday, July 27th. This is a boost from Exchange Income’s previous monthly dividend of $0.16.
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EIF has been the subject of several recent research reports. Royal Bank Of Canada decreased their price target on shares of Exchange Income from C$42.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Thursday, May 11th. Scotiabank decreased their price objective on shares of Exchange Income from C$44.00 to C$43.00 and set an “outperform” rating for the company in a research report on Thursday, May 11th. TD Securities raised shares of Exchange Income from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$44.00 to C$45.00 in a research report on Thursday, May 11th. CIBC decreased 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 report on Friday, July 21st. Finally, Canaccord Genuity reduced their price target on shares of Exchange Income from C$49.00 to C$44.00 and set a “buy” rating for the company in a research report on Thursday, May 11th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target 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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