CLS (LON:CLI) Shares Cross Above 200-Day Moving Average – Here’s What Happened

CLS Holdings plc (LON:CLI) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 59.63 and traded as high as GBX 63. CLS shares last traded at GBX 62.50, with a volume of 581,162 shares.

Wall Street Analyst Weigh In

CLI has been the topic of a number of analyst reports. Peel Hunt reissued a “hold” rating and set a GBX 70 target price on shares of CLS in a report on Wednesday, December 3rd. Berenberg Bank lifted their price target on CLS from GBX 70 to GBX 80 and gave the company a “buy” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 75.

CLS Stock Up 0.3%

The company’s 50 day simple moving average is GBX 60.61 and its 200-day simple moving average is GBX 59.62. The company has a debt-to-equity ratio of 123.30, a quick ratio of 0.59 and a current ratio of 0.73. The firm has a market capitalization of £249.62 million, a PE ratio of -4.38 and a beta of 1.01.

About CLS

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.