Canadian General Investments (TSE:CGI) Trading Down 2.1% on Analyst Downgrade

Key Points

• The stock price of Canadian General Investments (TSE:CGI) fell by 2.1% after Royal Bank of Canada reduced its price target from C$185.00 to C$175.00.
• Director Clive William Robinson purchased 1,000 shares at C$40.96 per share, indicating insider confidence, while insiders own 16.00% of the company.
• Canadian General Investments has a market cap of C$836.23 million, with a P/E ratio of 5.13 and a high debt-to-equity ratio of 13.42, suggesting potential financial risk.

Canadian General Investments (TSE:CGI - )'s stock price traded down 2.1% during mid-day trading on Friday after Royal Bank Of Canada lowered their price target on the stock from C$185.00 to C$175.00. The stock traded as low as C$39.51 and last traded at C$39.74. 11,500 shares traded hands during trading, an increase of 62% from the average session volume of 7,093 shares. The stock had previously closed at C$40.60.

Insider Buying and Selling

In other Canadian General Investments news, Director Clive William Robinson bought 1,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was acquired at an average price of C$40.96 per share, for a total transaction of C$40,960.00. 16.00% of the stock is currently owned by company insiders.

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 stock has a fifty day simple moving average of C$39.13 and a two-hundred day simple moving average of C$37.63. The company has a market cap of C$836.23 million, a PE ratio of 5.13 and a beta of 1.18.

About Canadian General Investments

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.

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