Peel Hunt Reaffirms “Reduce” Rating for CLS (LON:CLI)

CLS (LON:CLI)‘s stock had its “reduce” rating reissued by equities researchers at Peel Hunt in a report released on Tuesday,Digital Look reports. They presently have a GBX 45 price target on the stock. Peel Hunt’s target price would suggest a potential downside of 4.01% from the stock’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 58 price target on shares of CLS in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 51.50.

CLS Price Performance

Shares of CLI stock opened at GBX 46.88 on Tuesday. The stock has a 50-day moving average price of GBX 49.31 and a 200 day moving average price of GBX 52.37. The company has a quick ratio of 0.59, a current ratio of 0.29 and a debt-to-equity ratio of 121.99. The firm has a market cap of £186.64 million, a price-to-earnings ratio of -3.72 and a beta of 1.00. CLS has a 12 month low of GBX 45.30 and a 12 month high of GBX 67.

Insider Activity at CLS

In other CLS news, insider Fredrik Widlund acquired 20,109 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of GBX 46 per share, with a total value of £9,250.14. 60.13% of the stock is currently owned by corporate insiders.

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.