City of London Investment Group PLC’s (CLIG) Hold Rating Reaffirmed at N+1 Singer
Separately, Peel Hunt reissued a neutral rating and issued a GBX 403 ($5.26) target price on shares of City of London Investment Group PLC in a report on Monday, September 26th.
Shares of City of London Investment Group PLC (LON:CLIG) traded up 3.3957% on Wednesday, reaching GBX 393.9375. The company’s stock had a trading volume of 4,574 shares. The company’s market capitalization is GBX 98.66 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. The company’s 50-day moving average is GBX 375.20 and its 200 day moving average is GBX 328.25.
The firm also recently declared a dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 13th will be paid a GBX 16 ($0.21) dividend. The ex-dividend date is Thursday, October 13th. 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.
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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