Brad Bennett Acquires 25,000 Shares of Exchange Income Co. (TSE:EIF) Stock

Exchange Income Co. (TSE:EIF) Director Brad Bennett bought 25,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of C$49.77 per share, with a total value of C$1,244,182.50.

Exchange Income Trading Up 0.4 %

Shares of TSE EIF opened at C$51.51 on Wednesday. Exchange Income Co. has a fifty-two week low of C$43.08 and a fifty-two week high of C$59.32. The firm has a market capitalization of C$2.57 billion, a P/E ratio of 20.18, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The company’s 50 day simple moving average is C$52.49 and its 200 day simple moving average is C$53.89.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EIF shares. Scotiabank lowered their price objective on shares of Exchange Income from C$65.00 to C$64.00 in a research report on Friday, February 28th. Paradigm Capital set a C$69.00 price target on shares of Exchange Income and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, CIBC boosted their price objective on shares of Exchange Income from C$66.00 to C$69.00 in a research report on Wednesday, December 4th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$69.00.

About Exchange Income

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.