Insider Buying: CLS (LON:CLI) Insider Buys £149.93 in Stock

Key Points

• Insider purchase: CLS Holdings director Fredrik Widlund bought 319 shares at GBX 47 each, spending £149.93. He also purchased £151.41 worth of shares in August.
• Weak financial profile: CLS opened at GBX 46.94, near its 12-month low, and reported a negative net margin of 72.29% and negative return on equity of 13.63%.
• Mixed analyst outlook: Analysts have a consensus “Hold” rating with an average GBX 48 price target; Berenberg maintained a “Buy” rating while Peel Hunt rated the stock “Reduce.”

CLS Holdings plc (LON:CLI - Get Free Report) insider Fredrik Widlund bought 319 shares of the firm's stock in a transaction on Wednesday, September 9th. The stock was purchased at an average price of GBX 47 per share, with a total value of £149.93.

Fredrik Widlund also recently made the following trade(s):

• On Friday, August 7th, Fredrik Widlund bought 309 shares of CLS stock. The shares were purchased at an average cost of GBX 49 per share, for a total transaction of £151.41.

CLS Price Performance

CLI opened at GBX 46.94 on Thursday. The stock has a fifty day moving average of GBX 48.79 and a 200-day moving average of GBX 49.85. The firm has a market capitalization of £188.43 million, a P/E ratio of -1.96 and a beta of 1.01. CLS Holdings plc has a 12-month low of GBX 45.30 and a 12-month high of GBX 63.70. The company has a quick ratio of 0.59, a current ratio of 0.26 and a debt-to-equity ratio of 128.45.

CLS (LON:CLI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported GBX 2.70 earnings per share for the quarter. CLS had a negative return on equity of 13.63% and a negative net margin of 72.29%. Equities analysts forecast that CLS Holdings plc will post 10.0104167 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CLI shares. Berenberg Bank decreased their target price on shares of CLS from GBX 58 to GBX 51 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Peel Hunt reaffirmed a "reduce" rating and issued a GBX 45 price target on shares of CLS in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of GBX 48.

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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