CLS (LON:CLI) Receives “Reduce” Rating from Peel Hunt

CLS (LON:CLI)‘s stock had its “reduce” rating reissued by investment analysts at Peel Hunt in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 45 price target on the stock. Peel Hunt’s price target indicates a potential downside of 4.01% from the company’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 58 target price on shares of CLS in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CLS presently has an average rating of “Hold” and a consensus target price of GBX 51.50.

CLS Stock Down 10.4%

LON:CLI opened at GBX 46.88 on Tuesday. CLS has a twelve month low of GBX 45.30 and a twelve month high of GBX 67. 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 stock’s 50 day moving average price is GBX 49.31 and its two-hundred day moving average price is GBX 52.37. The firm has a market capitalization of £186.64 million, a price-to-earnings ratio of -3.72 and a beta of 1.00.

Insider Activity at CLS

In other CLS news, insider Fredrik Widlund purchased 20,109 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of GBX 46 per share, for a total transaction of £9,250.14. Company insiders own 60.13% of the company’s stock.

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.