N+1 Singer Reiterates “Buy” Rating for Clipper Logistics PLC (CLG)
Clipper Logistics PLC (LON:CLG)‘s stock had its “buy” rating restated by equities researchers at N+1 Singer in a research report issued on Thursday. They currently have a GBX 370 ($4.58) target price on the stock. N+1 Singer’s price target would indicate a potential upside of 15.63% from the stock’s previous close.
Separately, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 290 ($3.59) target price on shares of Clipper Logistics PLC in a research report on Tuesday, August 2nd.
Clipper Logistics PLC (LON:CLG) opened at 318.00 on Thursday. The firm’s market capitalization is GBX 318.02 million. Clipper Logistics PLC has a 1-year low of GBX 203.00 and a 1-year high of GBX 394.00. The company has a 50-day moving average price of GBX 331.03 and a 200 day moving average price of GBX 288.29.
The firm also recently announced a dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 22nd will be given a GBX 4 ($0.05) dividend. This represents a dividend yield of 1.41%. The ex-dividend date is Thursday, September 22nd. This is a boost from Clipper Logistics PLC’s previous dividend of $2.00.
In related news, insider Parkin ,Steve sold 797,100 shares of Clipper Logistics PLC stock in a transaction on Thursday, August 4th. The stock was sold at an average price of GBX 288 ($3.56), for a total transaction 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.
Receive News & Ratings for Clipper Logistics PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clipper Logistics PLC and related companies with MarketBeat.com's FREE daily email newsletter.