Canadian General Investments (LON:CGI) Reaches New 1-Year High – Here’s What Happened

Canadian General Investments (LON:CGI)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 2,530 and last traded at GBX 2,520, with a volume of 1440 shares changing hands. The stock had previously closed at GBX 2,485.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Canadian General Investments in a research note on Monday, October 20th.

Canadian General Investments Stock Up 1.4%

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 firm has a 50 day simple moving average of GBX 2,437.89 and a two-hundred day simple moving average of GBX 2,285.16. The stock has a market cap of £525.70 million, a P/E ratio of 2.83 and a beta of 1.18.

About Canadian General Investments

Canadian General Investments, Limited (CGI or the Company) is a closed-end equity fund focused on medium- to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

CGI was established in 1930 and has been managed since 1956 by Morgan Meighen & Associates Limited.