What’s in City of London Investment Group PLC After Today’s Huge Decline?

 What's in City of London Investment Group PLC After Today's Huge Decline?

The stock of City of London Investment Group PLC (LON:CLIG) is a huge mover today! The stock decreased 5.56% or GBX 20 on November 7, hitting GBX 340. About 27,030 shares traded hands or 11.44% up from the average. City of London Investment Group PLC (LON:CLIG) has risen 13.33% since April 8, 2016 and is uptrending. It has outperformed by 11.38% the S&P500.
The move comes after 8 months negative chart setup for the GBX 92.67 million company. It was reported on Nov, 7 by Barchart.com. We have GBX 295.80 PT which if reached, will make LON:CLIG worth GBX 12.05M less.

City of London Investment Group PLC (LON:CLIG) Ratings Coverage

Out of 2 analysts covering City of London Investment Group PLC (LON:CLIG), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. City of London Investment Group PLC has been the topic of 6 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The stock of City of London Investment Group PLC (LON:CLIG) earned “Hold” rating by N+1 Singer on Wednesday, October 5. Canaccord Genuity maintained it with “Buy” rating and GBX 3220 target price in Monday, February 15 report. The rating was maintained by Canaccord Genuity with “Buy” on Monday, September 14. The stock of City of London Investment Group PLC (LON:CLIG) earned “Buy” rating by Canaccord Genuity on Thursday, October 8. The stock of City of London Investment Group PLC (LON:CLIG) earned “Hold” rating by N+1 Singer on Thursday, September 22. As per Monday, October 19, the company rating was maintained by Canaccord Genuity.

City of London Investment Group PLC is a holding company. The company has a market cap of 92.67 million GBP. The Firm operates through asset management segment. It has a 14.72 P/E ratio. The Firm focuses on closed-end fund investments.

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