City of London Investment Group PLC (LON:CLIG) Earns Long Term Buy Rating from Beaufort Securities

Beaufort Securities restated their long term buy rating on shares of City of London Investment Group PLC (LON:CLIG) in a report released on Friday, June 30th, StockTargetPrices.com reports.

Separately, N+1 Singer restated a hold rating and issued a GBX 378 ($4.92) target price on shares of City of London Investment Group PLC in a research note on Tuesday, April 11th.

Shares of City of London Investment Group PLC (LON:CLIG) traded down 0.06% on Friday, hitting GBX 421.50. The stock had a trading volume of 830 shares. City of London Investment Group PLC has a 52-week low of GBX 325.00 and a 52-week high of GBX 429.00. The firm’s 50-day moving average price is GBX 407.06 and its 200 day moving average price is GBX 383.96. The firm’s market cap is GBX 105.78 million.

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The firm also recently disclosed a dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Thursday, October 12th will be given a dividend of GBX 17 ($0.22) per share. The ex-dividend date of this dividend is Thursday, October 12th. This is an increase from City of London Investment Group PLC’s previous dividend of $8.00. This represents a dividend yield of 4.04%.

In other news, insider Barry M. Olliff sold 225,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of GBX 400 ($5.21), for a total transaction of £900,000 ($1,172,485.67).

City of London Investment Group PLC Company Profile

City of London Investment Group PLC is a United Kingdom-based institutional asset manager focused on closed-end fund investments. The Company offers developed, frontier, tactical asset allocation and private equity closed-end fund strategies. The Company’s clients include the United States based pension funds, foundations and endowments.

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