Canadian General Investments (TSE:CGI) PT Lowered to C$163.00

Canadian General Investments (TSE:CGI) had its target price reduced by Royal Bank of Canada from C$170.00 to C$163.00 in a research report released on Thursday morning, BayStreet.CA reports.

Canadian General Investments Trading Up 2.4 %

Shares of CGI stock opened at C$38.10 on Thursday. Canadian General Investments has a fifty-two week low of C$32.49 and a fifty-two week high of C$38.50. The company has a debt-to-equity ratio of 15.08, a quick ratio of 7.44 and a current ratio of 7.53. The stock has a 50 day simple moving average of C$37.02 and a two-hundred day simple moving average of C$35.56. The company has a market cap of C$794.77 million, a P/E ratio of 4.56 and a beta of 1.18.

Canadian General Investments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, May 31st. Canadian General Investments’s payout ratio is currently 11.98%.

Canadian General Investments Company Profile

Canadian General Investments, Limited is a close ended equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalization.