Berenberg Bank Forecasts Strong Price Appreciation for CLS (LON:CLI) Stock

CLS (LON:CLI) had its price target raised by Berenberg Bank from GBX 70 to GBX 80 in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 32.01% from the company’s previous close.

Separately, Peel Hunt restated a “hold” rating and set a GBX 70 target price on shares of CLS in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CLS presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 75.

CLS Stock Down 1.0%

Shares of LON CLI opened at GBX 60.60 on Monday. The firm has a 50-day moving average price of GBX 59.28 and a 200 day moving average price of GBX 60.42. CLS has a 52 week low of GBX 53 and a 52 week high of GBX 76.90. 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 stock has a market capitalization of £241.26 million, a price-to-earnings ratio of -4.24 and a beta of 1.01.

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.