Acumen Capital Issues Positive Forecast for Currency Exchange International (TSE:CXI) Stock Price

Key Points

• Acumen Capital has raised the price target for Currency Exchange International (TSE:CXI) from C$28.00 to C$30.00, maintaining a "buy" rating on the stock.
• The new target price suggests a potential upside of 33.33% based on the stock's previous close.
• Currency Exchange International reported a mid-day trading price of C$22.50, with a market capitalization of C$141.86 million.

Currency Exchange International (TSE:CXI - Get Free Report) had its target price raised by investment analysts at Acumen Capital from C$28.00 to C$30.00 in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. Acumen Capital's price target points to a potential upside of 36.36% from the company's current price.

Currency Exchange International Trading Down 2.2%

CXI traded down C$0.50 on Friday, reaching C$22.00. 1,000 shares of the company's stock were exchanged, compared to its average volume of 5,673. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.62 and a current ratio of 2.65. Currency Exchange International has a twelve month low of C$19.55 and a twelve month high of C$26.75. The company's 50 day moving average is C$20.88 and its 200-day moving average is C$20.57. The company has a market cap of C$136.53 million, a price-to-earnings ratio of 31.88 and a beta of 0.22.

Currency Exchange International Company Profile

Currency Exchange International Corp operates as a money service business and provides currency exchange, wire transfer, and cheque cashing services at its locations in the United States and Canada. The company earns maximum revenue from the United States of America. The company earns revenue in the form of Commission and Fee income.