CLS (LON:CLI) Price Target Raised to GBX 80

CLS (LON:CLI) had its price target hoisted by investment analysts at Berenberg Bank from GBX 70 to GBX 80 in a report released on Monday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 31.36% from the stock’s current price.

Separately, Peel Hunt reaffirmed a “hold” rating and set a GBX 70 price objective on shares of CLS in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 75.

CLS Stock Performance

CLS stock traded down GBX 0.30 on Monday, hitting GBX 60.90. The company’s stock had a trading volume of 163,143 shares, compared to its average volume of 305,386. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 123.30. The company has a fifty day moving average price of GBX 59.21 and a 200-day moving average price of GBX 60.48. CLS has a one year low of GBX 53 and a one year high of GBX 76.90. The firm has a market cap of £242.45 million, a P/E ratio of -4.26 and a beta of 1.01.

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.