N+1 Singer Reaffirms Hold Rating for City of London Investment Group PLC (CLIG)
City of London Investment Group PLC (LON:CLIG)‘s stock had its “hold” rating restated by investment analysts at N+1 Singer in a report released on Thursday. They presently have a GBX 378 ($4.93) target price on the closed-end fund’s stock. N+1 Singer’s price objective points to a potential downside of 1.69% from the stock’s previous close.
Shares of City of London Investment Group PLC (LON:CLIG) opened at 384.50 on Thursday. The firm’s market capitalization is GBX 96.29 million. The firm’s 50-day moving average price is GBX 363.35 and its 200-day moving average price is GBX 322.39. City of London Investment Group PLC has a 12-month low of GBX 265.00 and a 12-month high of GBX 390.00.
The company also recently announced a dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 13th will be issued a GBX 16 ($0.21) dividend. This represents a dividend yield of 5.08%. This is a boost from City of London Investment Group PLC’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, October 13th.
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City of London Investment Group PLC Company Profile
City of London Investment Group PLC is a United Kingdom-based holding company. The Company is an asset management company, which focuses on closed-end fund investment. The Company’s objective is to provide above average, long-term outperformance versus the appropriate funds’ market benchmark. The Company offers developed, frontier and tactical asset allocation closed-end fund strategies, as well as products, which offer natural resources exposure directly through equities.
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