Insider Buying: CLS (LON:CLI) Insider Acquires 200,000 Shares of Stock

CLS Holdings plc (LON:CLI) insider Johannes Conradi acquired 200,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of GBX 52 per share, with a total value of £104,000.

CLS Stock Up 0.6%

CLS stock opened at GBX 52 on Tuesday. The business’s 50-day moving average price is GBX 60.20 and its 200 day moving average price is GBX 59.31. The company has a quick ratio of 0.59, a current ratio of 0.29 and a debt-to-equity ratio of 121.99. The firm has a market cap of £207.02 million, a price-to-earnings ratio of -3.64 and a beta of 0.92. CLS Holdings plc has a 52 week low of GBX 50.78 and a 52 week high of GBX 73.50.

CLS (LON:CLI) last announced 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 net margin of 36.01% and a negative return on equity of 6.67%. As a group, sell-side analysts anticipate that CLS Holdings plc will post 10.0104167 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CLI. Berenberg Bank increased their price target on shares of CLS from GBX 70 to GBX 80 and gave the stock a “buy” rating in a report on Monday, January 26th. Peel Hunt reiterated a “hold” rating and issued a GBX 70 price objective 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 given a Hold rating to the company. According to data from MarketBeat, CLS has a consensus rating of “Moderate Buy” and an average price target of GBX 75.

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.