CLS (LON:CLI) Trading Down 10% – What’s Next?

CLS Holdings plc (LON:CLI)’s stock price traded down 10% during mid-day trading 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.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CLI. Berenberg Bank upped their target price on CLS from GBX 70 to GBX 80 and gave the company a “buy” rating in a research report on Monday, January 26th. Peel Hunt reissued a “hold” rating and set a GBX 70 price target on shares of CLS in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, CLS currently has an average rating of “Moderate Buy” and an average price target of GBX 75.

CLS Trading Down 10.0%

The company has a debt-to-equity ratio of 121.03, a quick ratio of 0.59 and a current ratio of 0.74. The firm has a market capitalization of £209.61 million, a price-to-earnings ratio of -3.68 and a beta of 0.92. The company has a 50 day moving average price of GBX 60.53 and a two-hundred day moving average price of GBX 59.47.

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.