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

CLS (LON:CLI) had its target price dropped by investment analysts at Berenberg Bank from GBX 100 to GBX 85 in a note issued to investors on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 50.68% from the stock’s previous close.

CLS Stock Performance

CLS stock opened at GBX 56.41 on Thursday. The stock’s 50 day moving average price is GBX 64.77 and its 200 day moving average price is GBX 65.25. The firm has a market capitalization of £224.57 million, a PE ratio of -394.48 and a beta of 1.01. The company has a debt-to-equity ratio of 123.30, a quick ratio of 0.59 and a current ratio of 0.73. CLS has a one year low of GBX 55.32 and a one year high of GBX 101.40.

CLS (LON:CLI) last released its quarterly earnings results on Wednesday, August 13th. The company reported GBX (6.10) EPS for the quarter. CLS had a negative return on equity of 23.42% and a negative net margin of 134.11%. As a group, sell-side analysts expect that CLS will post 10.0104167 EPS for the current fiscal year.

Insider Buying and Selling

In other CLS news, insider Bill Holland acquired 32,522 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of GBX 61 per share, for a total transaction of £19,838.42. Also, insider Eva Lindqvist acquired 21,400 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were acquired at an average price of GBX 70 per share, for a total transaction of £14,980. In the last ninety days, insiders have purchased 127,266 shares of company stock valued at $8,539,848. Corporate insiders own 60.55% of the company’s stock.

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.