Canadian General Investments (LON:CGI) Hits New 12-Month High – Here’s Why

Canadian General Investments (LON:CGI) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 2,680 and last traded at GBX 2,661.50, with a volume of 1599 shares trading hands. The stock had previously closed at GBX 2,640.

Analysts Set New Price Targets

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

Canadian General Investments Stock Up 1.5%

The business has a 50-day moving average price of GBX 2,519.98 and a 200 day moving average price of GBX 2,391.51. The company has a current ratio of 6.79, a quick ratio of 7.44 and a debt-to-equity ratio of 13.42. The stock has a market capitalization of £559.07 million, a P/E ratio of 3.00 and a beta of 1.18.

About Canadian General Investments

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. The Company’s common shares are listed on both the Toronto Stock Exchange and the London Stock Exchange.