CLS (LON:CLI) Price Target Lowered to GBX 51 at Berenberg Bank

CLS (LON:CLI) had its price objective cut by Berenberg Bank from GBX 58 to GBX 51 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 10.03% from the company’s previous close.

Separately, Peel Hunt restated a “reduce” rating and set a GBX 45 price target on shares of CLS in a research note on Tuesday, August 4th. One equities 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, the company currently has a consensus rating of “Hold” and an average price target of GBX 48.

CLS Trading Down 5.5%

Shares of CLS stock opened at GBX 46.35 on Wednesday. The stock has a market capitalization of £184.52 million, a P/E ratio of -3.68 and a beta of 1.02. CLS has a 52-week low of GBX 45.30 and a 52-week high of GBX 64.70. The company has a debt-to-equity ratio of 121.99, a quick ratio of 0.59 and a current ratio of 0.29. The stock’s 50-day simple moving average is GBX 49.32 and its 200 day simple moving average is GBX 51.89.

Insiders Place Their Bets

In related news, insider Fredrik Widlund bought 20,109 shares of CLS stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of GBX 46 per share, with a total value of £9,250.14. 60.13% 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.