CLS (LON:CLI) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of CLS (LON:CLI) in a report released on Wednesday, MarketBeat.com reports. They currently have a GBX 100 ($1.36) price objective on the stock.

CLS Stock Up 0.7%

CLI stock opened at GBX 61.70 ($0.84) on Wednesday. CLS has a 1-year low of GBX 56.80 ($0.77) and a 1-year high of GBX 101.40 ($1.37). The business has a fifty day moving average price of GBX 66.59 and a 200-day moving average price of GBX 66.54. The company has a debt-to-equity ratio of 123.30, a current ratio of 0.73 and a quick ratio of 0.59. The stock has a market capitalization of £245.87 million, a P/E ratio of -1.19 and a beta of 1.01.

CLS (LON:CLI) last posted its quarterly earnings data on Wednesday, August 13th. The company reported GBX (6.10) (($0.08)) EPS for the quarter. CLS had a negative net margin of 134.11% and a negative return on equity of 23.42%. Equities analysts forecast that CLS will post 10.0104167 earnings per share for the current fiscal year.

Insider Transactions at CLS

In other CLS news, insider Anna L. K. Seeley purchased 72,000 shares of CLS stock in a transaction dated Wednesday, July 2nd. The shares were purchased at an average cost of GBX 69 ($0.94) per share, for a total transaction of £49,680 ($67,335.32). Also, insider Bill Holland purchased 32,522 shares of CLS stock in a transaction dated Thursday, August 14th. The stock was acquired at an average price of GBX 61 ($0.83) per share, for a total transaction of £19,838.42 ($26,888.61). Insiders purchased a total of 168,935 shares of company stock valued at $11,164,995 in the last ninety days. Corporate insiders own 66.38% 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.