Berenberg Bank Reaffirms Buy Rating for CLS (LON:CLI)

CLS (LON:CLI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 58 price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 22.60% from the stock’s previous close.

CLS Price Performance

Shares of CLI opened at GBX 47.31 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.29 and a debt-to-equity ratio of 121.99. CLS has a twelve month low of GBX 45.30 and a twelve month high of GBX 67. The stock has a market capitalization of £188.35 million, a P/E ratio of -3.75 and a beta of 1.00. The company has a 50 day moving average of GBX 49.31 and a 200-day moving average of GBX 52.37.

Insider Buying and Selling

In other CLS news, insider Fredrik Widlund purchased 20,109 shares of the stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of GBX 46 per share, with a total value of £9,250.14. Insiders own 60.13% of the company’s stock.

CLS Company Profile

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.