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City of London Investment Group PLC (LON:CLIG) was upgraded by equities researchers at Investec to a “buy” rating in a research report issued on Monday. The firm currently has a GBX 497 ($8.52) price objective on the stock, down from their previous price objective of GBX 560 ($9.61). Investec’s price target would suggest a potential upside of 63.22% from the company’s current price.

Shares of City of London Investment Group PLC (LON:CLIG) opened at 299.00 on Monday. City of London Investment Group PLC has a 1-year low of GBX 212.25 and a 1-year high of GBX 300.00. The stock’s 50-day moving average is GBX 278.3 and its 200-day moving average is GBX 256.6. The company’s market cap is £75.1 million.

Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of City of London Investment Group PLC in a research note on Tuesday, June 10th. They now have a GBX 510 ($8.75) price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 413.40 ($7.09).

City of London Investment Group Plc is a holding company for a number of investment management subsidiaries.

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