CLS (LON:CLI) Stock Price Up 5.8% – Still a Buy?

CLS Holdings plc (LON:CLI) traded up 5.8% on Tuesday. The company traded as high as GBX 46.35 and last traded at GBX 44.95. 542,048 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 718,442 shares. The stock had previously closed at GBX 42.50.

Analysts Set New Price Targets

Several analysts have commented on CLI shares. Berenberg Bank dropped their price objective on CLS from GBX 58 to GBX 51 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Peel Hunt restated a “reduce” rating and issued a GBX 45 price objective on shares of CLS in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, CLS presently has an average rating of “Hold” and an average target price of GBX 48.

CLS Price Performance

The company has a quick ratio of 0.59, a current ratio of 0.26 and a debt-to-equity ratio of 128.45. The stock’s 50-day simple moving average is GBX 45.92 and its two-hundred day simple moving average is GBX 47.84. The company has a market capitalization of £183.47 million, a price-to-earnings ratio of -1.90 and a beta of 1.01.

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 net margin of 72.29% and a negative return on equity of 13.63%. Equities research analysts predict that CLS Holdings plc will post 10.01 earnings per share for the current year.

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.