CLS (LON:CLI) Given Buy Rating at Berenberg Bank

CLS (LON:CLI)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a report released on Tuesday,London Stock Exchange reports. They currently have a GBX 58 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 22.60% from the stock’s current price.

CLS Trading Down 9.5%

CLI stock opened at GBX 47.31 on Tuesday. The company has a debt-to-equity ratio of 121.99, a quick ratio of 0.59 and a current ratio of 0.29. The company’s 50-day simple moving average is GBX 49.31 and its 200 day simple moving average is GBX 52.37. CLS has a 52 week low of GBX 45.30 and a 52 week high of GBX 67. The company has a market capitalization of £188.35 million, a PE ratio of -3.75 and a beta of 1.00.

Insider Transactions at CLS

In other CLS news, insider Fredrik Widlund bought 20,109 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of GBX 46 per share, for a total transaction of £9,250.14. 60.13% of the stock is owned by corporate insiders.

About CLS

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.