Canadian General Investments (LON:CGI) Hits New 12-Month High – What’s Next?

Shares of Canadian General Investments (LON:CGI) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 2,610 and last traded at GBX 2,540, with a volume of 1060 shares trading hands. The stock had previously closed at GBX 2,555.

Analysts Set New Price Targets

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

Canadian General Investments Trading Down 0.0%

The company’s fifty day moving average price is GBX 2,484.82 and its two-hundred day moving average price is GBX 2,354.84. 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 firm has a market cap of £532.98 million, a P/E ratio of 2.86 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.