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

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

Wall Street Analyst Weigh In

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

Canadian General Investments Stock Up 0.7%

The firm’s 50 day simple moving average is GBX 2,530.49 and its 200 day simple moving average is GBX 2,397.24. The company has a market cap of £562.00 million, a price-to-earnings ratio of 3.02 and a beta of 1.18. The company has a quick ratio of 7.44, a current ratio of 6.79 and a debt-to-equity ratio of 13.42.

Canadian General Investments Company Profile

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.