City of London Investment Group PLC’s (CLIG) “Hold” Rating Reiterated at N+1 Singer
City of London Investment Group PLC (LON:CLIG)‘s stock had its “hold” rating reaffirmed by equities research analysts at N+1 Singer in a research report issued on Wednesday.
Separately, Peel Hunt reiterated a “neutral” rating and set a GBX 403 ($5.26) target price on shares of City of London Investment Group PLC in a research report on Monday, September 26th.
Shares of City of London Investment Group PLC (LON:CLIG) traded up 0.92% during mid-day trading on Wednesday, hitting GBX 385.50. 8,601 shares of the stock were exchanged. The stock’s 50 day moving average is GBX 376.54 and its 200 day moving average is GBX 329.02. The firm’s market cap is GBX 96.54 million. City of London Investment Group PLC has a 12 month low of GBX 265.00 and a 12 month high of GBX 407.00.
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The business also recently declared a dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 13th will be given a GBX 16 ($0.21) dividend. The ex-dividend date is Thursday, October 13th. This is an increase from City of London Investment Group PLC’s previous dividend of $8.00. This represents a yield of 5.08%.
About City of London Investment Group PLC
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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