City of London Investment Group PLC Upgraded by N+1 Singer to “Buy” (CLIG)
City of London Investment Group PLC (LON:CLIG) was upgraded by N+1 Singer to a “buy” rating in a research note issued on Thursday. The firm currently has a GBX 317 ($5.43) target price on the stock, up from their previous target price of GBX 220 ($3.77). N+1 Singer’s price target would indicate a potential upside of 6.70% from the stock’s previous close.
A number of other analysts have also recently weighed in on CLIG. Analysts at Canaccord Genuity raised their price target on shares of City of London Investment Group PLC from GBX 333 ($5.70) to GBX 369 ($6.32) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Investec upgraded shares of City of London Investment Group PLC to a “buy” rating in a research note on Monday, July 7th. They now have a GBX 497 ($8.51) price target on the stock, down previously from GBX 560 ($9.59). Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 404.60 ($6.93).
City of London Investment Group PLC (LON:CLIG) traded down 0.80% on Thursday, hitting GBX 297.10. The stock had a trading volume of 37,653 shares. City of London Investment Group PLC has a 52 week low of GBX 212.25 and a 52 week high of GBX 315.00. The stock has a 50-day moving average of GBX 284. and a 200-day moving average of GBX 260.2. The company’s market cap is £74.6 million.
City of London Investment Group Plc is a holding company for a number of investment management subsidiaries.
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