Canadian General Investments (TSE:CGI) Shares Down 2.1% Following Analyst Downgrade

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

Insiders Place Their Bets

In related news, Director Clive William Robinson bought 1,000 shares of the firm’s stock in a transaction on Thursday, July 24th. The stock was bought 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 company insiders.

Canadian General Investments Price Performance

The firm has a market capitalization of C$836.23 million, a price-to-earnings ratio of 5.13 and a beta of 1.18. 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 business has a 50-day moving average price of C$39.13 and a two-hundred day moving average price of C$37.63.

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.