Canadian General Investments (LON:CGI) Hits New 1-Year High – What’s Next?

by · The Cerbat Gem

Canadian General Investments (LON:CGI – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,570 and last traded at GBX 2,570, with a volume of 1384 shares trading hands. The stock had previously closed at GBX 2,545.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Canadian General Investments in a report on Monday, October 20th.

Get Our Latest Stock Report on CGI

Canadian General Investments Price Performance

The company has a quick ratio of 7.44, a current ratio of 6.79 and a debt-to-equity ratio of 13.42. The stock has a market cap of £508.76 million, a P/E ratio of 2.73 and a beta of 1.18. The firm has a 50 day moving average price of GBX 2,444.38 and a 200 day moving average price of GBX 2,300.01.

About Canadian General Investments

(Get Free Report)

Canadian General Investments, Limited (CGI or the Company) is a closed-end equity fund focused on medium- to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

CGI was established in 1930 and has been managed since 1956 by Morgan Meighen & Associates Limited.

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