Canadian General Investments (LON:CGI) Sets New 52-Week High – Still a Buy?

Canadian General Investments (LON:CGI) hit a new 52-week high on Monday . The stock traded as high as GBX 2,800 and last traded at GBX 2,740, with a volume of 3500 shares changing hands. The stock had previously closed at GBX 2,699.04.

Canadian General Investments Stock Performance

The stock has a market capitalization of £572.63 million, a P/E ratio of 2.21 and a beta of 0.91. The company has a 50 day simple moving average of GBX 2,640.28 and a 200-day simple moving average of GBX 2,560.98. The company has a debt-to-equity ratio of 11.89, a current ratio of 9.42 and a quick ratio of 7.44.

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.