CLS (LON:CLI) Stock Price Up 5.8% – Still a Buy?

CLS Holdings plc (LON:CLI) rose 5.8% during trading on Tuesday. The stock traded as high as GBX 46.35 and last traded at GBX 44.95. Approximately 542,048 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 718,442 shares. The stock had previously closed at GBX 42.50.

Analyst Upgrades and Downgrades

CLI has been the subject of a number of recent research reports. Berenberg Bank reduced their price target on CLS from GBX 58 to GBX 51 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Peel Hunt reiterated a “reduce” rating and issued a GBX 45 price objective on shares of CLS in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 48.

CLS Trading Down 1.9%

The company has a debt-to-equity ratio of 128.45, a current ratio of 0.26 and a quick ratio of 0.59. The business has a 50-day moving average of GBX 45.87 and a 200-day moving average of GBX 47.82. The firm has a market cap of £189.12 million, a price-to-earnings ratio of -1.96 and a beta of 1.01.

CLS (LON:CLI) last released its earnings results on Wednesday, August 12th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. CLS had a negative return on equity of 13.63% and a negative net margin of 72.29%. Research analysts anticipate that CLS Holdings plc will post 10.01 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.