CLS (LON:CLI) Stock Price Up 5.8% – Here’s Why

CLS Holdings plc (LON:CLI) rose 5.8% on Tuesday. The stock traded as high as GBX 46.35 and last traded at GBX 44.95. 542,048 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 718,442 shares. The stock had previously closed at GBX 42.50.

Wall Street Analysts Forecast Growth

CLI has been the topic of a number of research analyst reports. Peel Hunt reaffirmed a “reduce” rating and issued a GBX 45 price target on shares of CLS in a research note on Tuesday, August 4th. Berenberg Bank reduced their price objective on CLS from GBX 58 to GBX 51 and set a “buy” rating for the company in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 48.

CLS Stock Performance

The company has a market cap of £183.47 million, a PE ratio of -1.90 and a beta of 1.01. The company has a debt-to-equity ratio of 128.45, a quick ratio of 0.59 and a current ratio of 0.26. The firm’s 50 day moving average is GBX 45.92 and its 200-day moving average is GBX 47.84.

CLS (LON:CLI) last released its earnings results on Wednesday, August 12th. The company reported GBX 2.70 earnings per share for the quarter. CLS had a negative net margin of 72.29% and a negative return on equity of 13.63%. On average, research analysts anticipate that CLS Holdings plc will post 10.01 earnings per share for the current fiscal year.

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.