CLS (LON:CLI) Shares Cross Below 200-Day Moving Average – Should You Sell?

CLS Holdings plc (LON:CLI)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 59.49 and traded as low as GBX 57.57. CLS shares last traded at GBX 59.50, with a volume of 997,167 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on CLI shares. Berenberg Bank increased their target price on shares of CLS from GBX 70 to GBX 80 and gave the stock a “buy” rating in a report on Monday, January 26th. Peel Hunt restated a “hold” rating and issued a GBX 70 price objective on shares of CLS in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 75.

CLS Stock Performance

The stock has a fifty day moving average of GBX 60.56 and a 200-day moving average of GBX 59.49. The firm has a market capitalization of £236.88 million, a P/E ratio of -4.16 and a beta of 0.92. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 121.03.

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.