Canadian General Investments (TSE:CGI) Reaches New 52-Week High at $38.77

Canadian General Investments (TSE:CGI)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$38.77 and last traded at C$38.27, with a volume of 14617 shares changing hands. The stock had previously closed at C$37.75.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their price target on shares of Canadian General Investments from C$170.00 to C$163.00 in a report on Thursday, May 2nd.

Canadian General Investments Stock Up 1.2 %

The business’s fifty day simple moving average is C$37.14 and its 200 day simple moving average is C$36.57. The company has a current ratio of 7.53, a quick ratio of 7.44 and a debt-to-equity ratio of 15.08. The stock has a market cap of C$796.85 million, a price-to-earnings ratio of 4.52 and a beta of 1.17.

Canadian General Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Friday, May 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Friday, May 31st. Canadian General Investments’s dividend payout ratio is presently 11.98%.

About Canadian General Investments

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.