Canadian General Investments (TSE:CGI) Trading Down 0.9% - Time to Sell?

Key Points

• Canadian General Investments (TSE:CGI) experienced a 0.9% decline in trading, closing at C$45.53 amidst a significant drop in share volume.
• The Royal Bank of Canada cut its price target for the company from C$185.00 to C$175.00, indicating decreased expectations for future performance.
• Despite the stock's recent drop, insider ownership remains strong, with directors recently purchasing shares at a price of C$40.96 each.

Canadian General Investments (TSE:CGI - Get Free Report) dropped 0.9% on Monday . The company traded as low as C$45.53 and last traded at C$45.53. Approximately 3,386 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 6,645 shares. The stock had previously closed at C$45.95.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reduced their price objective on Canadian General Investments from C$185.00 to C$175.00 in a research report on Thursday, July 31st.

Canadian General Investments Trading Down 0.9%

The company has a market cap of C$949.80 million, a price-to-earnings ratio of 5.10 and a beta of 1.06. The company's 50 day moving average price is C$43.96 and its 200 day moving average price is C$39.66. The company has a debt-to-equity ratio of 13.42, a quick ratio of 7.44 and a current ratio of 6.79.

Insider Buying and Selling

In related news, Director Clive William Robinson bought 1,000 shares of the business's stock in a transaction on Thursday, July 24th. The shares were bought at an average cost of C$40.96 per share, for a total transaction of C$40,960.00. 16.00% of the stock is owned by insiders.

About Canadian General Investments

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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