CLS (LON:CLI) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of CLS Holdings plc (LON:CLI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 59.78 and traded as high as GBX 60.40. CLS shares last traded at GBX 60.40, with a volume of 883,370 shares traded.

Analysts Set New Price Targets

Several analysts have recently weighed in on CLI shares. Berenberg Bank lifted their price target on shares of CLS from GBX 70 to GBX 80 and gave the company a “buy” rating in a research note on Monday, January 26th. Peel Hunt reaffirmed a “hold” rating and set a GBX 70 target price 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CLS currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 75.

CLS Price Performance

The business’s 50 day moving average is GBX 60.24 and its 200 day moving average is GBX 59.78. 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 company has a market cap of £238.87 million, a P/E ratio of -4.20 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.