CLS (LON:CLI) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of CLS Holdings plc (LON:CLI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 59.63 and traded as high as GBX 63. CLS shares last traded at GBX 62.50, with a volume of 581,162 shares changing hands.

Analyst Upgrades and Downgrades

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

CLS Price Performance

The business’s 50-day simple moving average is GBX 60.52 and its 200 day simple moving average is GBX 59.63. The company has a market capitalization of £250.97 million, a P/E ratio of -4.41 and a beta of 1.01. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 123.30.

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.