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Currency Exchange International ( (TSE:CXI) ) has issued an announcement.
Currency Exchange International has adopted a new shareholder rights plan to ensure fair treatment of shareholders in the event of unsolicited take-over bids. This plan aims to give the board time to explore alternatives and prevent acquirers from making preemptive agreements with shareholders. The plan is effective immediately but requires shareholder ratification within six months and acceptance by the Toronto Stock Exchange.
The most recent analyst rating on (TSE:CXI) stock is a Hold with a C$25.00 price target. To see the full list of analyst forecasts on Currency Exchange International stock, see the TSE:CXI Stock Forecast page.
Spark’s Take on TSE:CXI Stock
According to Spark, TipRanks’ AI Analyst, TSE:CXI is a Neutral.
Currency Exchange International’s overall stock score reflects strong financial performance with robust profitability and a stable balance sheet. However, technical indicators suggest the stock is overbought, and valuation metrics indicate limited upside potential. The absence of a dividend yield further impacts the score.
To see Spark’s full report on TSE:CXI stock, click here.
More about Currency Exchange International
Currency Exchange International is engaged in providing comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers primarily in the United States and select global clients. Their main offerings include foreign currency exchange, wire transfer payments, Global EFTs, and foreign cheque clearing.
Average Trading Volume: 4,190
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$152M
See more data about CXI stock on TipRanks’ Stock Analysis page.