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

CLS (LON:CLI) had its price target lowered by equities research analysts at Berenberg Bank from GBX 58 to GBX 51 in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 10.03% from the company’s previous close.

Separately, Peel Hunt restated a “reduce” rating and issued a GBX 45 target price on shares of CLS in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 48.

CLS Stock Down 5.5%

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

Insider Buying and Selling at CLS

In related news, insider Fredrik Widlund purchased 20,109 shares of CLS stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average price of GBX 46 per share, for a total transaction of £9,250.14. Company insiders own 60.13% of the company’s stock.

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.