Clipper Logistics PLC (CLG) Receives Buy Rating from N+1 Singer
N+1 Singer reaffirmed their buy rating on shares of Clipper Logistics PLC (LON:CLG) in a research report report published on Thursday morning. The brokerage currently has a GBX 370 ($4.58) price objective on the stock.
Separately, Numis Securities Ltd reissued a hold rating and set 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) traded up 0.92% during trading on Thursday, hitting GBX 328.00. The stock had a trading volume of 7,536 shares. Clipper Logistics PLC has a one year low of GBX 203.00 and a one year high of GBX 394.00. The firm’s market cap is GBX 328.02 million. The firm’s 50-day moving average is GBX 330.86 and its 200-day moving average is GBX 288.65.
The company also recently announced a dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 22nd will be issued a dividend of GBX 4 ($0.05) per share. This is a boost from Clipper Logistics PLC’s previous dividend of $2.00. The ex-dividend date is Thursday, September 22nd. This represents a yield of 1.41%.
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 stock was 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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