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

Canadian General Investments (TSE:CGI) had its target price reduced by Royal Bank of Canada from C$170.00 to C$163.00 in a research report released on Thursday, BayStreet.CA reports.

Canadian General Investments Stock Performance

Shares of TSE:CGI opened at C$38.10 on Thursday. 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 company has a market capitalization of C$794.77 million, a price-to-earnings ratio of 4.56 and a beta of 1.18. The firm has a 50 day moving average of C$37.02 and a 200 day moving average of C$35.57. Canadian General Investments has a 52 week low of C$32.49 and a 52 week high of C$38.50.

Canadian General Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 31st will be issued 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 of this dividend is Friday, May 31st. Canadian General Investments’s dividend payout ratio is presently 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.