CLS (LON:CLI) Shares Down 10% – Here’s What Happened

CLS Holdings plc (LON:CLI) fell 10% on Friday . The stock traded as low as GBX 50.90 and last traded at GBX 52.65. 3,475,001 shares traded hands during mid-day trading, an increase of 599% from the average session volume of 497,225 shares. The stock had previously closed at GBX 58.50.

Analyst Ratings Changes

A number of research firms have commented on CLI. Berenberg Bank boosted their target price on CLS from GBX 70 to GBX 80 and gave the stock a “buy” rating in a research report on Monday, January 26th. Peel Hunt restated a “hold” rating and issued a GBX 70 price target on shares of CLS in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 75.

CLS Stock Down 11.1%

The stock has a market cap of £207.02 million, a price-to-earnings ratio of -3.64 and a beta of 0.92. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 121.03. The firm’s 50 day moving average is GBX 60.36 and its two-hundred day moving average is GBX 59.38.

CLS (LON:CLI) last released its quarterly earnings results on Friday, March 13th. The company reported GBX (12.60) earnings per share (EPS) for the quarter. CLS had a negative return on equity of 7.34% and a negative net margin of 38.97%. On average, sell-side analysts predict that CLS Holdings plc will post 10.0104167 EPS for the current year.

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.