Canadian General Investments (TSE:CGI) Sets New 1-Year High – Here’s What Happened

Canadian General Investments (TSE:CGI)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$44.23 and last traded at C$44.23, with a volume of 1400 shares trading hands. The stock had previously closed at C$43.98.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reduced their price target on shares of Canadian General Investments from C$185.00 to C$175.00 in a research report on Thursday, July 31st.

Canadian General Investments Trading Up 0.6%

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 company has a market cap of C$922.68 million, a PE ratio of 4.96 and a beta of -0.41. The business’s 50-day simple moving average is C$40.99 and its 200-day simple moving average is C$37.90.

Insider Transactions at Canadian General Investments

In related news, Director Clive William Robinson bought 1,000 shares of the business’s stock in a transaction on Thursday, July 24th. The stock was bought at an average price of C$40.96 per share, for a total transaction of C$40,960.00. 16.00% of the stock is currently owned by insiders.

Canadian General Investments Company Profile

A closed-end equity fund focused on medium to long-term capital appreciation and dividends in Canadian corporations. The Manager utilizes a bottom-up investment strategy in an effort to achieve the Corporations investment objectives. With this type of investment strategy, the Manager first seeks individual companies with attractive investment potential, then proceeds to consider the larger industry, economic and global trends affecting those companies.