Scotiabank Has Lowered Expectations for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF - Free Report) had its target price trimmed by Scotiabank from C$65.00 to C$64.00 in a report published on Friday,BayStreet.CA reports.

A number of other equities analysts have also issued reports on the company. Ventum Financial set a C$74.00 price target on Exchange Income and gave the stock a "buy" rating in a report on Tuesday, November 5th. Paradigm Capital set a C$69.00 price target on Exchange Income and gave the stock a "buy" rating in a report on Thursday, January 30th. CIBC increased their price target on Exchange Income from C$66.00 to C$69.00 in a report on Wednesday, December 4th. National Bankshares increased their price target on Exchange Income from C$61.00 to C$68.00 in a report on Monday, November 11th. Finally, Ventum Cap Mkts upgraded shares of Exchange Income to a "strong-buy" rating in a research note on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Exchange Income currently has an average rating of "Buy" and an average target price of C$69.00.

Exchange Income Stock Performance

TSE EIF traded down C$0.72 during trading on Friday, reaching C$49.83. The company's stock had a trading volume of 172,266 shares, compared to its average volume of 113,808. The business's fifty day moving average price is C$54.90 and its 200-day moving average price is C$53.68. Exchange Income has a twelve month low of C$43.08 and a twelve month high of C$59.32. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The firm has a market cap of C$2.49 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 1.42 and a beta of 2.04.

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Insider Transactions at Exchange Income

In other news, Director Michael Pyle bought 4,000 shares of the stock in a transaction on Friday, February 28th. The shares were bought at an average price of C$50.26 per share, with a total value of C$201,052.00. Also, Director Edward Warkentin bought 1,011 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of C$49.54 per share, for a total transaction of C$50,087.97. Insiders have purchased a total of 5,366 shares of company stock valued at $269,503 in the last ninety days. 6.44% of the stock is currently owned by company insiders.

Exchange Income Company Profile

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.