Insider Buying: CLS (LON:CLI) Insider Buys 244 Shares of Stock

CLS Holdings plc (LON:CLI) insider Fredrik Widlund acquired 244 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were bought at an average cost of GBX 62 per share, with a total value of £151.28.

Fredrik Widlund also recently made the following trade(s):

• On Monday, December 8th, Fredrik Widlund bought 251 shares of CLS stock. The shares were purchased at an average cost of GBX 60 per share, for a total transaction of £150.60.

CLS Stock Performance

CLI traded up GBX 1 on Tuesday, hitting GBX 60.60. 204,511 shares of the stock traded hands, compared to its average volume of 335,974. The business has a fifty day moving average price of GBX 60.21 and a two-hundred day moving average price of GBX 60.07. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 123.30. The firm has a market capitalization of £241.26 million, a PE ratio of -4.24 and a beta of 1.01. CLS Holdings plc has a 52 week low of GBX 53 and a 52 week high of GBX 76.20.

Analysts Set New Price Targets

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

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.