Canadian General Investments' (CGI) "House Stock" Rating Reiterated at Shore Capital

Key Points

• Shore Capital has reiterated its "house stock" rating for Canadian General Investments (CGI), indicating continued confidence in the company.
• The stock opened at GBX 2,440 and has a market cap of £509.01 million, highlighting its substantial presence in the market.
• Canadian General Investments primarily focuses on medium- to long-term investments in Canadian corporations and has been managed since 1956 by Morgan Meighen & Associates Limited.

Canadian General Investments (LON:CGI - Get Free Report)'s stock had its "house stock" rating reiterated by Shore Capital in a research note issued on Monday,Digital Look reports.

Canadian General Investments Stock Performance

LON CGI opened at GBX 2,440 on Monday. Canadian General Investments has a fifty-two week low of GBX 1,679.60 and a fifty-two week high of GBX 2,530. The stock has a market cap of £509.01 million, a price-to-earnings ratio of 2.74 and a beta of 1.18. The business has a fifty day moving average of GBX 2,341.04 and a 200-day moving average of GBX 2,132.94. The company has a quick ratio of 7.44, a current ratio of 6.79 and a debt-to-equity ratio of 13.42.

About Canadian General Investments

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.

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