Canadian General Investments (LON:CGI) Reaches New 52-Week High – What’s Next?

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

Analyst Ratings Changes

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 Performance

The firm has a market capitalization of £528.20 million, a PE ratio of 2.84 and a beta of 1.18. The business has a 50-day simple moving average of GBX 2,462.23 and a 200-day simple moving average of GBX 2,323.83. 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.