Separately, Numis Securities Ltd reissued a hold rating and set a GBX 290 ($3.59) price target on shares of Clipper Logistics PLC in a research note on Tuesday, August 2nd.
Clipper Logistics PLC (LON:CLG) traded up 0.92% on Thursday, hitting GBX 328.00. The company’s stock had a trading volume of 7,536 shares. The company’s market capitalization is GBX 328.02 million. The company has a 50 day moving average price of GBX 330.86 and a 200-day moving average price of GBX 288.65. Clipper Logistics PLC has a 1-year low of GBX 203.00 and a 1-year high of GBX 394.00.
The business also recently declared a dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 22nd will be paid a dividend of GBX 4 ($0.05) per share. This is a boost from Clipper Logistics PLC’s previous dividend of $2.00. This represents a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, September 22nd.
In other news, insider Parkin ,Steve sold 797,100 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were 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.
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