CLS Holdings plc (LON:CLI – Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 54.76 and traded as low as GBX 46.55. CLS shares last traded at GBX 48.65, with a volume of 185,352 shares changing hands.
Analysts Set New Price Targets
Separately, Berenberg Bank lowered their price objective on CLS from GBX 80 to GBX 58 and set a “buy” rating for the company in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 64.
View Our Latest Stock Report on CLI
CLS Trading Up 2.0%
CLS (LON:CLI – Get Free Report) last posted its earnings results on Friday, March 13th. The company reported GBX (12.60) EPS for the quarter. CLS had a negative net margin of 36.01% and a negative return on equity of 6.67%. On average, sell-side analysts expect that CLS Holdings plc will post 10.0104167 earnings per share for the current year.
Insider Activity
In other CLS news, insider Fredrik Widlund acquired 100,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average price of GBX 49 per share, for a total transaction of £49,000. Over the last ninety days, insiders bought 120,664 shares of company stock worth $5,855,068. Corporate insiders own 60.13% 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.
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