City of London Investment Group PLC (LON:CLIG)‘s stock had its “neutral” rating reissued by investment analysts at Peel Hunt in a report issued on Monday, StockTargetPrices.com reports. They presently have a GBX 403 ($5.26) price objective on the closed-end fund’s stock. Peel Hunt’s price objective suggests a potential upside of 6.12% from the company’s current price.
Separately, N+1 Singer reaffirmed an “under review” rating on shares of City of London Investment Group PLC in a research note on Monday, September 12th.
Shares of City of London Investment Group PLC (LON:CLIG) opened at 383.75 on Monday. The firm’s market cap is GBX 96.11 million. The company has a 50 day moving average of GBX 365.70 and a 200 day moving average of GBX 323.20. City of London Investment Group PLC has a 52 week low of GBX 265.00 and a 52 week high of GBX 390.00.
The firm 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 is an increase from City of London Investment Group PLC’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, October 13th. This represents a dividend yield of 5.08%.
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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