Separately, Peel Hunt reaffirmed a neutral rating and set a GBX 403 ($5.26) price target on shares of City of London Investment Group PLC in a research report on Monday, September 26th.
City of London Investment Group PLC (LON:CLIG) opened at 392.8499 on Wednesday. The firm’s 50 day moving average price is GBX 376.54 and its 200-day moving average price is GBX 329.02. City of London Investment Group PLC has a one year low of GBX 265.00 and a one year high of GBX 407.00. The company’s market capitalization is GBX 98.39 million.
The firm also recently announced a dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 13th will be issued a dividend of GBX 16 ($0.21) per share. The ex-dividend date is Thursday, October 13th. This is a positive change from City of London Investment Group PLC’s previous dividend of $8.00. This represents a dividend 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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