Canadian General Investments (LON:CGI) Sets New 12-Month High – Still a Buy?

Canadian General Investments (LON:CGI) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 2,570 and last traded at GBX 2,570, with a volume of 1240 shares trading hands. The stock had previously closed at GBX 2,545.

Wall Street Analysts Forecast Growth

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

Canadian General Investments Stock Down 0.5%

The firm’s fifty day moving average is GBX 2,458.11 and its two-hundred day moving average is GBX 2,320.89. The firm has a market cap of £528.20 million, a price-to-earnings ratio of 2.84 and a beta of 1.18. The company has a debt-to-equity ratio of 13.42, a current ratio of 6.79 and a quick ratio of 7.44.

Canadian General Investments Company Profile

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. The Company’s common shares are listed on both the Toronto Stock Exchange and the London Stock Exchange.