N+1 Singer reiterated their hold rating on shares of City of London Investment Group PLC (LON:CLIG) in a report released on Thursday. The brokerage currently has a GBX 378 ($4.93) target price on the closed-end fund’s stock.
City of London Investment Group PLC (LON:CLIG) opened at 388.75 on Thursday. The company has a 50-day moving average price of GBX 368.36 and a 200 day moving average price of GBX 324.68. City of London Investment Group PLC has a 1-year low of GBX 265.00 and a 1-year high of GBX 390.00. The firm’s market capitalization is GBX 97.36 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 paid a GBX 16 ($0.21) dividend. This is a positive change from City of London Investment Group PLC’s previous dividend of $8.00. This represents a yield of 5.08%. The ex-dividend date is Thursday, October 13th.
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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