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 decreased 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.

Canadian General Investments Trading Up 2.4 %

Shares of Canadian General Investments stock opened at C$38.10 on Thursday. Canadian General Investments has a 12-month low of C$32.49 and a 12-month high of C$38.50. The stock has a market capitalization of C$794.77 million, a P/E ratio of 4.56 and a beta of 1.18. The company has a 50-day simple moving average of C$37.02 and a 200 day simple moving average of C$35.56. The company has a quick ratio of 7.44, a current ratio of 7.53 and a debt-to-equity ratio of 15.08.

Canadian General Investments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, May 31st. Canadian General Investments’s dividend payout ratio (DPR) is currently 11.98%.

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.