CLS (LON:CLI) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

CLS Holdings plc (LON:CLI) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 61.24 and traded as low as GBX 59.10. CLS shares last traded at GBX 60.51, with a volume of 240,647 shares.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Peel Hunt restated a “hold” rating and issued a GBX 70 target price on shares of CLS in a research note on Wednesday, December 3rd. Berenberg Bank reissued a “buy” rating and set a GBX 70 price objective on shares of CLS in a report on Tuesday, December 2nd. One equities 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 a consensus target price of GBX 70.

CLS Trading Up 0.0%

The company has a market cap of £240.88 million, a P/E ratio of -4.23 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. The stock’s 50-day moving average is GBX 59.04 and its two-hundred day moving average is GBX 61.20.

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.