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CLS's (CLI) Buy Rating Reiterated at Berenberg Bank

CLS logo with Real Estate background

Key Points

  • Berenberg Bank has reiterated its "buy" rating for CLS, setting a target price of GBX 100 ($1.35), indicating potential upside of 62.34%.
  • CLS shares were trading down 2.7% at GBX 61.60 ($0.83), with a market capitalization of £245.47 million and a PE ratio of -1.19.
  • Insiders hold 66.38% of CLS shares, with recent purchases totaling 136,413 shares valued at approximately $9.18 million.
  • Need better tools to track CLS? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

CLS (LON:CLI - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Berenberg Bank in a report released on Wednesday, MarketBeat Ratings reports. They currently have a GBX 100 ($1.35) target price on the stock. Berenberg Bank's price objective suggests a potential upside of 62.34% from the company's current price.

CLS Trading Down 2.7%

Shares of CLS stock traded down GBX 1.70 ($0.02) during trading hours on Wednesday, hitting GBX 61.60 ($0.83). The company's stock had a trading volume of 1,400,375 shares, compared to its average volume of 826,972. CLS has a 12 month low of GBX 56.80 ($0.77) and a 12 month high of GBX 101.40 ($1.37). The stock has a 50 day moving average of GBX 66.68 and a 200 day moving average of GBX 66.70. The company has a market capitalization of £245.47 million, a PE ratio of -1.19 and a beta of 1.01. The company has a debt-to-equity ratio of 123.30, a current ratio of 0.73 and a quick ratio of 0.59.

CLS (LON:CLI - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported GBX (6.10) (($0.08)) earnings per share (EPS) for the quarter. CLS had a negative net margin of 134.11% and a negative return on equity of 23.42%. Analysts predict that CLS will post 10.0104167 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Eva Lindqvist acquired 21,400 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was purchased at an average cost of GBX 70 ($0.95) per share, with a total value of £14,980 ($20,224.11). Also, insider Fredrik Widlund purchased 41,669 shares of the stock in a transaction dated Monday, June 2nd. The shares were acquired at an average cost of GBX 63 ($0.85) per share, with a total value of £26,251.47 ($35,441.43). In the last ninety days, insiders bought 136,413 shares of company stock valued at $9,181,153. Insiders own 66.38% of the company's stock.

About CLS

(Get Free Report)

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.

Further Reading

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