CLS (LON:CLI) Price Target Lowered to GBX 85 at Berenberg Bank

Key Points

• Berenberg Bank has lowered its price target for CLS (LON:CLI) from GBX 100 to GBX 85, while maintaining a "buy" rating, indicating a potential upside of 51.52%.
• CLS recently reported a quarterly earnings loss of GBX (6.10) per share, reflecting negative financial performance with a return on equity of -23.42%.
• Insider transactions have seen substantial stock purchases recently, with insiders acquiring a total of 127,266 shares worth approximately $8.5 million over the past three months.

CLS (LON:CLI - Free Report) had its price target cut by Berenberg Bank from GBX 100 to GBX 85 in a research report sent to investors on Thursday, Marketbeat.com reports. They currently have a buy rating on the stock.

CLS Trading Up 0.7%

Shares of CLI stock traded up GBX 0.41 on Thursday, reaching GBX 56.41. 3,990,279 shares of the stock were exchanged, compared to its average volume of 808,312. The stock has a market cap of £224.57 million, a PE ratio of -394.48 and a beta of 1.01. CLS has a one year low of GBX 55.32 and a one year high of GBX 101.40. The company has a debt-to-equity ratio of 123.30, a current ratio of 0.73 and a quick ratio of 0.59. The stock has a 50 day moving average price of GBX 64.77 and a 200 day moving average price of GBX 65.16.

CLS (LON:CLI - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported GBX (6.10) earnings per share for the quarter. CLS had a negative return on equity of 23.42% and a negative net margin of 134.11%. Equities research analysts forecast that CLS will post 10.0104167 EPS for the current fiscal year.

Insider Activity at CLS

In related news, insider Eva Lindqvist acquired 21,400 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was acquired at an average price of GBX 70 per share, for a total transaction of £14,980. Also, insider Anna L. K. Seeley acquired 72,000 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was bought at an average price of GBX 69 per share, with a total value of £49,680. Over the last quarter, insiders purchased 127,266 shares of company stock worth $8,539,848. 60.55% of the stock is owned by insiders.

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.