Royal Bank Of Canada Issues Pessimistic Forecast for Canadian General Investments (TSE:CGI) Stock Price

Key Points

• Royal Bank of Canada has decreased the price target for Canadian General Investments from C$185.00 to C$175.00, indicating a potential upside of 331.03% from the stock's previous close.
• Canadian General Investments' stocks traded down by C$0.07, reaching C$40.60, while the company's market capitalization stands at C$854.33 million.
• Insider trading activity includes Director Clive William Robinson purchasing 1,000 shares at an average cost of C$40.96 per share.

Canadian General Investments (TSE:CGI - Free Report) had its price target lowered by Royal Bank Of Canada from C$185.00 to C$175.00 in a report issued on Thursday,BayStreet.CA reports.

Canadian General Investments Stock Down 2.1%

Shares of Canadian General Investments stock traded down C$0.86 during trading on Thursday, hitting C$39.74. The company's stock had a trading volume of 11,500 shares, compared to its average volume of 7,093. The company has a debt-to-equity ratio of 13.42, a quick ratio of 7.44 and a current ratio of 6.79. The company has a fifty day simple moving average of C$39.13 and a two-hundred day simple moving average of C$37.60. The company has a market capitalization of C$836.23 million, a PE ratio of 5.13 and a beta of 1.18. Canadian General Investments has a 52 week low of C$30.40 and a 52 week high of C$43.02.

Insider Activity

In other news, Director Clive William Robinson acquired 1,000 shares of Canadian General Investments stock in a transaction on Thursday, July 24th. The stock was acquired 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 currently owned by insiders.

Canadian General Investments Company Profile

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.