Clipper Logistics PLC (CLG) Stock Rating Reaffirmed by N+1 Singer
Clipper Logistics PLC (LON:CLG)‘s stock had its “buy” rating reaffirmed by research analysts at N+1 Singer in a research note issued on Thursday. They presently have a GBX 370 ($4.58) price target on the stock. N+1 Singer’s target price suggests a potential upside of 15.63% from the company’s previous close.
Separately, Numis Securities Ltd reissued a “hold” rating and issued a GBX 290 ($3.59) target price on shares of Clipper Logistics PLC in a report on Tuesday, August 2nd.
Shares of Clipper Logistics PLC (LON:CLG) opened at 318.00 on Thursday. The firm’s 50-day moving average price is GBX 331.03 and its 200 day moving average price is GBX 288.29. The company’s market cap is GBX 318.02 million. Clipper Logistics PLC has a 12 month low of GBX 203.00 and a 12 month high of GBX 394.00.
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The firm also recently announced a dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 22nd will be issued a GBX 4 ($0.05) dividend. This represents a yield of 1.41%. The ex-dividend date is Thursday, September 22nd. This is a positive change from Clipper Logistics PLC’s previous dividend of $2.00.
In other Clipper Logistics PLC news, insider Parkin ,Steve sold 797,100 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of GBX 288 ($3.56), for a total value of £2,295,648 ($2,841,148.51).
About Clipper Logistics PLC
Clipper Logistics plc is engaged in providing value-added logistics solutions and e-fulfilment and returns management services to the retail sector. The Company operates through two segments: Value-added logistics services and Commercial vehicles. The Value-added logistics services segment provide three business activities, which include e-fulfilment and returns management services, non e-fulfilment logistics and central logistics overheads.
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