Berenberg Bank Lowers CLS (LON:CLI) Price Target to GBX 85

CLS (LON:CLI) had its target price dropped by stock analysts at Berenberg Bank from GBX 100 to GBX 85 in a research report issued on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 50.68% from the company’s previous close.

CLS Stock Up 0.7%

CLI opened at GBX 56.41 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 123.30. The firm has a market cap of £224.57 million, a P/E ratio of -394.48 and a beta of 1.01. CLS has a 52 week low of GBX 55.32 and a 52 week high of GBX 101.40. The business’s fifty day simple moving average is GBX 64.77 and its 200 day simple moving average is GBX 65.25.

CLS (LON:CLI) last posted its quarterly earnings data on Wednesday, August 13th. The company reported GBX (6.10) EPS for the quarter. CLS had a negative net margin of 134.11% and a negative return on equity of 23.42%. As a group, equities research analysts anticipate that CLS will post 10.0104167 EPS for the current fiscal year.

Insiders Place Their Bets

In other CLS news, insider Eva Lindqvist purchased 21,400 shares of the firm’s stock in a transaction on Tuesday, July 1st. The shares were purchased at an average cost of GBX 70 per share, with a total value of £14,980. Also, insider Anna L. K. Seeley purchased 72,000 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was acquired at an average cost of GBX 69 per share, for a total transaction of £49,680. In the last ninety days, insiders have acquired 127,266 shares of company stock valued at $8,539,848. Insiders own 60.55% 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.