The stock of Clipper Logistics PLC (LON:CLG) hit a new 52-week high and has GBX 459.00 target or 35.00% above today’s GBX 340.00 share price. The 9 months bullish chart indicates low risk for the GBX 344.53M company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 459.00 price target is reached, the company will be worth GBX 120.59 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 7.89% or GBX 24.88 on September 13, hitting GBX 340. About 33,224 shares traded hands. Clipper Logistics PLC (LON:CLG) has risen 29.28% since February 12, 2016 and is uptrending. It has outperformed by 12.79% the S&P500.
Out of 2 analysts covering Clipper Logistics (LON:CLG), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. GBX 290 is the highest target while GBX 265 is the lowest. The GBX 277.50 average target is -18.38% below today’s (GBX 340) stock price. Clipper Logistics has been the topic of 8 analyst reports since October 2, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald maintained the stock on August 4 with “Hold” rating.
Clipper Logistics plc is engaged in providing value-added logistics solutions and e-fulfilment and returns management services to the retail sector. The company has a market cap of 344.53 million GBP. The Firm operates through two divisions: Value-added logistics services and Commercial vehicles. It has a 33.18 P/E ratio. 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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