Canadian General Investments (TSE:CGI) PT Lowered to C$163.00 at Royal Bank of Canada

Canadian General Investments (TSE:CGI) had its price objective dropped by investment analysts at Royal Bank of Canada from C$170.00 to C$163.00 in a report released on Thursday, BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 338.17% from the stock’s previous close.

Canadian General Investments Trading Down 0.8 %

Canadian General Investments stock traded down C$0.30 during midday trading on Thursday, hitting C$37.20. 400 shares of the stock were exchanged, compared to its average volume of 6,154. Canadian General Investments has a 52 week low of C$32.49 and a 52 week high of C$38.50. The company has a quick ratio of 7.44, a current ratio of 7.53 and a debt-to-equity ratio of 15.08. The stock has a market capitalization of C$775.99 million, a PE ratio of 4.46 and a beta of 1.18. The company has a fifty day simple moving average of C$36.98 and a two-hundred day simple moving average of C$35.52.

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.