Royal Bank of Canada Lowers Canadian General Investments (TSE:CGI) Price Target to C$163.00

Canadian General Investments (TSE:CGI) had its price target lowered by Royal Bank of Canada from C$170.00 to C$163.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 327.82% from the company’s previous close.

Canadian General Investments Stock Up 2.4 %

Shares of CGI opened at C$38.10 on Thursday. The firm has a market capitalization of C$794.77 million, a price-to-earnings ratio of 4.56 and a beta of 1.18. 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 debt-to-equity ratio of 15.08, a quick ratio of 7.44 and a current ratio of 7.53. The business’s fifty day moving average price is C$37.02 and its two-hundred day moving average price is C$35.55.

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.