CLS (LON:CLI) Shares Cross Above Fifty Day Moving Average - What's Next?

Key Points

• CLS shares rose above their 50-day moving average, reaching GBX 47.10 and closing near GBX 47.05, compared with a 50-day average of GBX 45.87.
• Analyst sentiment remains mixed: Peel Hunt maintained a “reduce” rating with a GBX 45 target, while Berenberg kept a “buy” rating but cut its target to GBX 51. The consensus rating is “Hold,” with a GBX 48 target price.
• CLS reported quarterly EPS of GBX 2.70 but continues to face weak profitability, including a negative net margin of 72.29% and negative return on equity of 13.63%, alongside high debt relative to equity.

CLS Holdings plc (LON:CLI - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 45.87 and traded as high as GBX 47.10. CLS shares last traded at GBX 47.05, with a volume of 94,642 shares trading hands.

Analyst Ratings Changes

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

CLS Stock Performance

The company has a current ratio of 0.26, a quick ratio of 0.59 and a debt-to-equity ratio of 128.45. The company's 50-day simple moving average is GBX 45.87 and its 200-day simple moving average is GBX 50.63. The stock has a market capitalization of £183.95 million, a price-to-earnings ratio of -1.91 and a beta of 1.01.

CLS (LON:CLI - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. CLS had a negative net margin of 72.29% and a negative return on equity of 13.63%. On average, analysts expect that CLS Holdings plc will post 10.01 EPS for the current year.

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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