Berenberg Bank Cuts CLS (LON:CLI) Price Target to GBX 51

CLS (LON:CLI) had its target price lowered by Berenberg Bank from GBX 58 to GBX 51 in a research note published on Wednesday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Separately, Peel Hunt restated a “reduce” rating and set a GBX 45 price target on shares of CLS in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 48.

CLS Stock Down 1.1%

CLS stock opened at GBX 46.50 on Wednesday. CLS has a 1-year low of GBX 45.30 and a 1-year high of GBX 64.70. The business has a fifty day moving average price of GBX 49.32 and a 200-day moving average price of GBX 51.66. The company has a debt-to-equity ratio of 128.45, a current ratio of 0.26 and a quick ratio of 0.59. The stock has a market capitalization of £185.12 million, a price-to-earnings ratio of -3.69 and a beta of 1.02.

CLS (LON:CLI) last announced its earnings results on Wednesday, August 12th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. CLS had a negative return on equity of 13.63% and a negative net margin of 72.29%. Equities research analysts forecast that CLS will post 10.0104167 EPS for the current fiscal year.

Insider Activity

In other news, insider Fredrik Widlund bought 20,109 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average cost of GBX 46 per share, with a total value of £9,250.14. 60.13% of the stock is currently owned by insiders.

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.