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

Key Points

• Canadian General Investments (LON:CGI) reached a new 52-week high of GBX 2,480 ($33.31) during mid-day trading, closing slightly lower at GBX 2,461.50 ($33.06).
• The company has a strong financial position with a quick ratio of 7.44 and a debt-to-equity ratio of 13.42, indicating solid liquidity and low leverage.
• CGI is a closed-end equity fund focused on long-term investments in Canadian corporations, aiming to deliver better than average returns to its investors since its establishment in 1930.

Shares of Canadian General Investments (LON:CGI - ) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 2,480 ($33.31) and last traded at GBX 2,461.50 ($33.06), with a volume of 937 shares trading hands. The stock had previously closed at GBX 2,430 ($32.64).

Canadian General Investments Trading Up 1.3%

The firm has a 50 day moving average of GBX 2,275.71 and a 200-day moving average of GBX 2,086.68. 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 firm has a market capitalization of £513.49 million, a P/E ratio of 275.95 and a beta of 1.18.

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.

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