Berenberg Bank Reaffirms “Buy” Rating for CLS (LON:CLI)

CLS (LON:CLI)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 114 ($1.42) price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 57.90% from the stock’s previous close.

CLS Stock Performance

Shares of CLS stock traded up GBX 0.60 ($0.01) during midday trading on Tuesday, hitting GBX 72.20 ($0.90). The company had a trading volume of 258,836 shares, compared to its average volume of 500,834. CLS has a 1-year low of GBX 70.10 ($0.87) and a 1-year high of GBX 101.40 ($1.26). The business’s 50 day simple moving average is GBX 79.05 and its two-hundred day simple moving average is GBX 87.91. The stock has a market cap of £286.92 million, a PE ratio of -138.84 and a beta of 1.01. The company has a debt-to-equity ratio of 123.30, a current ratio of 0.73 and a quick ratio of 0.59.

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.