Published On: Sun, Sep 11th, 2016

Clipper Logistics PLC’s (CLG) Hold Rating Reiterated at Numis Securities Ltd

Clipper Logistics PLC (LON:CLG)‘s stock had its “hold” rating reissued by Numis Securities Ltd in a research note issued on Tuesday. They presently have a GBX 290 ($3.86) price target on the stock. Numis Securities Ltd’s price objective indicates a potential downside of 7.94% from the company’s previous close.
Shares of Clipper Logistics PLC (LON:CLG) traded up 5.13% during trading on Tuesday, hitting GBX 315.00. 49,545 shares of the company’s stock were exchanged. Clipper Logistics PLC has a 12-month low of GBX 203.00 and a 12-month high of GBX 324.00. The company’s market cap is GBX 315.02 million. The company has a 50-day moving average of GBX 289.58 and a 200-day moving average of GBX 275.76.
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, September 22nd. This is an increase from Clipper Logistics PLC’s previous dividend of $2.00. This represents a yield of 1.41%.

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In related news, insider Parkin ,Steve sold 797,100 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of GBX 288 ($3.84), for a total transaction of £2,295,648 ($3,057,602.56).
Clipper Logistics PLC Company Profile
Clipper Logistics plc is a United Kingdom-based company engaged in providing value-added logistics and other services. The Company provides services to the retail sector and it also operates as distributors of commercial vehicles. The Company’s segments include value-added logistics services and commercial vehicles.

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