CLS’s (CLI) Buy Rating Reiterated at Berenberg Bank

CLS (LON:CLI)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research report issued on Tuesday,Digital Look reports. They currently have a GBX 114 ($1.42) target price on the stock. Berenberg Bank’s price target indicates a potential upside of 57.90% from the stock’s previous close.

CLS Price Performance

CLI stock traded up GBX 0.60 ($0.01) during trading on Tuesday, hitting GBX 72.20 ($0.90). 258,836 shares of the stock traded hands, compared to its average volume of 500,834. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 123.30. The stock has a market cap of £286.92 million, a price-to-earnings ratio of -138.84 and a beta of 1.01. CLS has a one year low of GBX 70.10 ($0.87) and a one year high of GBX 101.40 ($1.26). The company has a 50 day simple moving average of GBX 79.05 and a 200 day simple moving average of GBX 87.91.

About CLS

We are a commercial property investment company with a £2.1bn portfolio listed on the Premium Main Market on the London Stock Exchange, specialising in future-focused office space in the UK, Germany and France. Through geographical diversification, local expertise and an active management approach, we transform office properties into sustainable, modern spaces that help our tenants’ businesses to grow.