Peel Hunt reissued their neutral rating on shares of City of London Investment Trust plc (LON:CTY) in a research note released on Monday. The brokerage currently has a GBX 403 ($5.26) price target on the stock.
Shares of City of London Investment Trust plc (LON:CTY) opened at 404.00 on Monday. The firm has a 50-day moving average of GBX 3.79 and a 200 day moving average of GBX 3.94. City of London Investment Trust plc has a 12-month low of GBX 338.46 and a 12-month high of GBX 415.00.
The business also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, October 20th will be issued a dividend of GBX 4.05 ($0.05) per share. This represents a yield of 0.98%. The ex-dividend date of this dividend is Thursday, October 20th.
City of London Investment Trust plc Company Profile
The City of London Investment Trust plc is an investment trust company. The Company’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. It will mainly invest in equities and there is the flexibility to invest in debt securities, such as convertibles, corporate bonds or government debt.
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