CLS (LON:CLI) Stock Price Passes Below 200-Day Moving Average – Here’s Why

CLS Holdings plc (LON:CLI)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 61.24 and traded as low as GBX 59.10. CLS shares last traded at GBX 60.51, with a volume of 240,647 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Peel Hunt reiterated a “hold” rating and issued a GBX 70 price objective on shares of CLS in a report on Wednesday, December 3rd. Berenberg Bank restated a “buy” rating and set a GBX 70 target price on shares of CLS in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 70.

CLS Stock Up 0.0%

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 fifty day moving average of GBX 59.04 and a 200-day moving average of GBX 61.24. The firm has a market cap of £240.88 million, a P/E ratio of -4.23 and a beta of 1.01.

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.