CLS (LON:CLI) Stock Price Down 10% – What’s Next?

CLS Holdings plc (LON:CLI)’s stock price was down 10% during mid-day trading on Friday . The company traded as low as GBX 50.90 and last traded at GBX 52.65. Approximately 3,475,001 shares were traded during mid-day trading, an increase of 599% from the average daily volume of 497,225 shares. The stock had previously closed at GBX 58.50.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CLI shares. Peel Hunt restated a “hold” rating and set a GBX 70 price objective on shares of CLS in a research note on Wednesday, December 3rd. Berenberg Bank lifted their target price on CLS from GBX 70 to GBX 80 and gave the company a “buy” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, CLS currently has an average rating of “Moderate Buy” and a consensus target price of GBX 75.

CLS Stock Down 10.0%

The company has a debt-to-equity ratio of 121.03, a current ratio of 0.74 and a quick ratio of 0.59. The business’s fifty day moving average price is GBX 60.53 and its two-hundred day moving average price is GBX 59.47. The stock has a market capitalization of £209.61 million, a PE ratio of -3.68 and a beta of 0.92.

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.