Berenberg Bank Cuts CLS (LON:CLI) Price Target to GBX 58

Key Points

• Berenberg Bank cut CLS's target price from GBX 80 to GBX 58 but kept a "buy" rating, with the new target implying roughly a 13.73% upside from the prior close.
• Insiders purchased 300,500 shares in the last 90 days and now own 60.56% of the company, signaling strong insider conviction.
• CLS reported a quarterly EPS of GBX -12.60 and a net margin of -36.01%, though analysts forecast EPS of about 10.01 for the current fiscal year.

CLS (LON:CLI - Get Free Report) had its target price cut by investment analysts at Berenberg Bank from GBX 80 to GBX 58 in a report released on Wednesday,Digital Look reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's target price suggests a potential upside of 13.73% from the stock's previous close.

CLS Stock Up 4.1%

Shares of CLI opened at GBX 51 on Wednesday. The stock has a market cap of £203.04 million, a price-to-earnings ratio of -4.05 and a beta of 0.99. The company has a quick ratio of 0.59, a current ratio of 0.29 and a debt-to-equity ratio of 121.99. CLS has a 12 month low of GBX 46 and a 12 month high of GBX 73. The company has a 50-day moving average price of GBX 52.09 and a two-hundred day moving average price of GBX 57.02.

CLS (LON:CLI - Get Free Report) last announced its quarterly earnings results on Friday, March 13th. The company reported GBX (12.60) EPS for the quarter. CLS had a negative return on equity of 6.67% and a negative net margin of 36.01%. Equities analysts predict that CLS will post 10.0104167 EPS for the current fiscal year.

Insider Transactions at CLS

In other news, insider Fredrik Widlund acquired 100,000 shares of the company's stock in a transaction dated Wednesday, April 29th. The stock was bought at an average price of GBX 49 per share, with a total value of £49,000. Also, insider Johannes Conradi acquired 200,000 shares of the company's stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of GBX 52 per share, with a total value of £104,000. In the last 90 days, insiders have acquired 300,500 shares of company stock valued at $15,330,232. Corporate insiders own 60.56% of the company's stock.

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.

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