Canadian General Investments (TSE:CGI) Trading Up 0.7% – What’s Next?

Canadian General Investments (TSE:CGI)’s share price rose 0.7% during trading on Monday . The stock traded as high as C$45.60 and last traded at C$45.53. Approximately 5,043 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 6,426 shares. The stock had previously closed at C$45.20.

Wall Street Analysts Forecast Growth

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

Canadian General Investments Stock Up 0.7%

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 C$949.80 million, a P/E ratio of 5.10 and a beta of 1.06. The company’s 50 day moving average price is C$45.18 and its two-hundred day moving average price is C$41.05.

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.