CLS (LON:CLI) Shares Cross Below 200-Day Moving Average - Should You Sell?

Key Points

• CLS shares slipped below their 200‑day moving average, trading as low as GBX 57.57 versus the 200‑day MA of GBX 59.49, with the last trade at GBX 59.50 on volume of 997,167 shares.
• Analysts have a Moderate Buy consensus and a consensus price target of GBX 75; Berenberg upgraded to a GBX 80 target (Buy) while Peel Hunt reaffirmed a Hold at GBX 70.
• Key fundamentals show elevated risk — market cap £236.9m, debt‑to‑equity 121.03, current ratio 0.74, quick ratio 0.59 and a negative P/E of -4.16 — which may temper enthusiasm despite analyst support.

CLS Holdings plc (LON:CLI - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 59.49 and traded as low as GBX 57.57. CLS shares last traded at GBX 59.50, with a volume of 997,167 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CLI. Peel Hunt reaffirmed a "hold" rating and issued a GBX 70 target price on shares of CLS in a research note on Wednesday, December 3rd. Berenberg Bank increased 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. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, CLS has a consensus rating of "Moderate Buy" and a consensus price target of GBX 75.

CLS Stock Performance

The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 121.03. The stock has a market cap of £236.88 million, a P/E ratio of -4.16 and a beta of 0.92. The stock has a fifty day simple moving average of GBX 60.56 and a 200-day simple moving average of GBX 59.49.

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.

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