Canadian General Investments (LON:CGI) Hits New 12-Month High – Here’s Why

Canadian General Investments (LON:CGI) reached a new 52-week high on Thursday . The stock traded as high as GBX 2,730 and last traded at GBX 2,730, with a volume of 3363 shares trading hands. The stock had previously closed at GBX 2,685.

Wall Street Analysts Forecast Growth

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

Canadian General Investments Stock Up 1.7%

The company has a quick ratio of 7.44, a current ratio of 6.79 and a debt-to-equity ratio of 13.42. The company has a 50 day simple moving average of GBX 2,548.17 and a two-hundred day simple moving average of GBX 2,410.07. The company has a market capitalization of £569.51 million, a P/E ratio of 3.06 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. The Company’s common shares are listed on both the Toronto Stock Exchange and the London Stock Exchange.