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 objective trimmed by Royal Bank Of Canada from C$185.00 to C$175.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Canadian General Investments Price Performance

CGI traded down C$0.86 on Thursday, reaching C$39.74. The stock had a trading volume of 11,500 shares, compared to its average volume of 7,093. Canadian General Investments has a fifty-two week low of C$30.40 and a fifty-two week high of C$43.02. The firm has a 50-day moving average of C$39.13 and a 200-day moving average of C$37.63. 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 company has a market capitalization of C$836.23 million, a price-to-earnings ratio of 5.13 and a beta of 1.18.

Insider Transactions at Canadian General Investments

In related news, Director Clive William Robinson purchased 1,000 shares of Canadian General Investments stock in a transaction on Thursday, July 24th. The shares were purchased 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 insiders.

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.