Clough Global Opportunities Fun which can be found using ticker (GLO) have now 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 7 and 5.2 with the average target price sitting at $5.98. Given that the stocks previous close was at $4.91 this indicates there is a potential upside of 21.8%. The 50 day MA is $4.88 and the 200 moving average now moves to $5.95. The market cap for the company is $214m. Company Website: https://www.cloughglobal.com/closed-end-funds/overview/glo
The potential market cap would be $261m based on the market consensus.
Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues. It employs a combination of fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. Clough Global Opportunities Fund was formed on January 12, 2006 and is domiciled in the United States.
The company has a dividend yield of 11.8% with the ex dividend date set at 16-3-2023 (DMY).
