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

Exchange Income Co. (TSE:EIF) Director Brad Bennett purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of C$49.77 per share, with a total value of C$1,244,182.50.

Exchange Income Stock Down 1.5 %

EIF stock opened at C$50.76 on Thursday. The firm has a market cap of C$2.53 billion, a PE ratio of 19.89, a PEG ratio of 1.42 and a beta of 2.04. Exchange Income Co. has a 1 year low of C$43.08 and a 1 year high of C$59.32. The company has a fifty day simple moving average of C$52.43 and a 200 day simple moving average of C$53.87. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72.

Wall Street Analysts Forecast Growth

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