Currency Exchange International (TSE:CXI) Price Target Raised to C$30.00 at Acumen Capital

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 lifted by Acumen Capital from C$28.00 to C$30.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Acumen Capital's target price would indicate a potential upside of 33.33% from the stock's previous close.

Currency Exchange International Price Performance

Currency Exchange International stock traded down C$0.50 during mid-day trading on Friday, hitting C$22.50. The stock had a trading volume of 3,788 shares, compared to its average volume of 5,724. The firm has a market capitalization of C$141.86 million, a P/E ratio of 36.89 and a beta of 0.22. The company has a current ratio of 2.65, a quick ratio of 1.62 and a debt-to-equity ratio of 14.28. The firm's 50 day moving average is C$20.69 and its 200 day moving average is C$20.57. Currency Exchange International has a one year low of C$19.55 and a one year high of C$26.75.

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.

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