CLS (LON:CLI) Receives Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of CLS (LON:CLI) in a report released on Tuesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 114 ($1.46) target price on the stock.

CLS Stock Performance

Shares of LON:CLI traded down GBX 2.10 ($0.03) during trading on Tuesday, hitting GBX 90.20 ($1.16). The stock had a trading volume of 273,397 shares, compared to its average volume of 331,311. CLS has a 12-month low of GBX 83.30 ($1.07) and a 12-month high of GBX 149.39 ($1.91). The stock has a market capitalization of £358.46 million, a price-to-earnings ratio of -176.86 and a beta of 0.96. The company has a quick ratio of 0.59, a current ratio of 1.00 and a debt-to-equity ratio of 101.31. The stock has a 50-day simple moving average of GBX 94.64 and a two-hundred day simple moving average of GBX 101.62.

CLS Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 2nd. Investors of record on Thursday, March 21st will be given a dividend of GBX 5.35 ($0.07) per share. This is a boost from CLS’s previous dividend of $2.60. This represents a yield of 5.82%. The ex-dividend date of this dividend is Thursday, March 21st. CLS’s dividend payout ratio (DPR) is currently -1,568.63%.

CLS Company Profile

CLS Holdings plc, together with its subsidiaries, engages in the investment, development, and management of commercial properties in the United Kingdom, Germany, and France. It operates in two segments, Investment Properties and Other Investments. The company also invests in a hotel; and other corporate investments, as well as rents office buildings.