CLS Holdings plc (LON:CLI – Get Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 58.95 and traded as low as GBX 48.55. CLS shares last traded at GBX 48.55, with a volume of 394,390 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have recently commented on CLI. Berenberg Bank lifted their target price on CLS from GBX 70 to GBX 80 and gave the stock a “buy” rating in a report on Monday, January 26th. Peel Hunt restated a “hold” rating and issued a GBX 70 target price on shares of CLS in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CLS presently has an average rating of “Moderate Buy” and a consensus target price of GBX 75.
View Our Latest Analysis on CLI
CLS Stock Performance
CLS (LON:CLI – Get Free Report) last announced its quarterly earnings results on Friday, March 13th. The company reported GBX (12.60) earnings per share for the quarter. CLS had a negative return on equity of 6.67% and a negative net margin of 36.01%. Sell-side analysts expect that CLS Holdings plc will post 10.0104167 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, insider Johannes Conradi bought 200,000 shares of the stock in a transaction on Friday, March 13th. The stock was bought at an average price of GBX 52 per share, for a total transaction of £104,000. 60.56% of the stock is currently owned by corporate 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.
Further Reading
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