Berenberg Bank Issues Positive Forecast for CLS (LON:CLI) Stock Price

CLS (LON:CLI) had its target price hoisted by Berenberg Bank from GBX 70 to GBX 80 in a research report report published on Monday, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Peel Hunt reiterated a “hold” rating and set a GBX 70 price objective on shares of CLS in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 75.

CLS Price Performance

CLI stock traded down GBX 0.30 during trading on Monday, hitting GBX 60.90. 163,143 shares of the company’s stock traded hands, compared to its average volume of 305,386. CLS has a 52 week low of GBX 53 and a 52 week high of GBX 76.90. The stock has a market capitalization of £242.45 million, a price-to-earnings ratio of -4.26 and a beta of 1.01. The business has a fifty day simple moving average of GBX 59.21 and a 200 day simple moving average of GBX 60.48. The company has a debt-to-equity ratio of 123.30, a quick ratio of 0.59 and a current ratio of 0.73.

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.