Canadian General Investments (TSE:CGI - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$44.23 and last traded at C$44.23, with a volume of 1400 shares. The stock had previously closed at C$43.98.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada reduced their price target on Canadian General Investments from C$185.00 to C$175.00 in a report on Thursday, July 31st.
Read Our Latest Research Report on Canadian General Investments
Canadian General Investments Price Performance
The company has a current ratio of 6.79, a quick ratio of 7.44 and a debt-to-equity ratio of 13.42. The firm has a market cap of C$941.46 million, a P/E ratio of 5.06 and a beta of -0.41. The firm has a 50-day simple moving average of C$41.30 and a 200-day simple moving average of C$38.01.
Insider Transactions at Canadian General Investments
In related news, Director Clive William Robinson bought 1,000 shares of the company's stock in a transaction on Thursday, July 24th. The shares were acquired at an average price of C$40.96 per share, with a total value of C$40,960.00. Company insiders own 16.00% of the company's stock.
About Canadian General Investments
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A closed-end equity fund focused on medium to long-term capital appreciation and dividends in Canadian corporations. The Manager utilizes a bottom-up investment strategy in an effort to achieve the Corporations investment objectives. With this type of investment strategy, the Manager first seeks individual companies with attractive investment potential, then proceeds to consider the larger industry, economic and global trends affecting those companies.
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