Separately, Liberum Capital reaffirmed a buy rating and set a GBX 270 ($3.79) price objective on shares of CLS in a research note on Wednesday, March 7th.
LON CLI opened at GBX 229 ($3.21) on Thursday. CLS has a 52 week low of GBX 170.22 ($2.39) and a 52 week high of GBX 256.42 ($3.60).
The company also recently disclosed a dividend, which will be paid on Friday, April 27th. Shareholders of record on Thursday, March 29th will be paid a dividend of GBX 4.30 ($0.06) per share. This represents a yield of 1.85%. This is a positive change from CLS’s previous dividend of $2.05. The ex-dividend date is Thursday, March 29th.
In other news, insider Sten A. Mortstedt acquired 107,000 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was bought at an average cost of GBX 244 ($3.43) per share, with a total value of £261,080 ($366,479.51).
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CLS Holdings plc, together with its subsidiaries, engages in the investment, management, and development of commercial properties in the United Kingdom, France, Germany, and Sweden. The company operates in two segments, Investment Property and Other Investments. It also invests in hotels, corporate bonds, shares, and other corporate investments.
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