Insider Buying: CLS (LON:CLI) Insider Buys £149.93 in Stock

CLS Holdings plc (LON:CLI) insider Fredrik Widlund bought 319 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was bought at an average price of GBX 47 per share, for a total transaction of £149.93.

Fredrik Widlund also recently made the following trade(s):

• On Friday, August 7th, Fredrik Widlund purchased 309 shares of CLS stock. The shares were purchased at an average cost of GBX 49 per share, with a total value of £151.41.

CLS Stock Down 0.2%

CLS stock opened at GBX 46.90 on Friday. The company has a 50-day simple moving average of GBX 48.76 and a 200-day simple moving average of GBX 49.74. CLS Holdings plc has a one year low of GBX 45.30 and a one year high of GBX 63.70. The firm has a market capitalization of £188.29 million, a P/E ratio of -1.95 and a beta of 1.01. The company has a debt-to-equity ratio of 128.45, a quick ratio of 0.59 and a current ratio of 0.26.

CLS (LON:CLI) last announced its earnings results on Wednesday, August 12th. The company reported GBX 2.70 earnings per share for the quarter. CLS had a negative net margin of 72.29% and a negative return on equity of 13.63%. As a group, equities analysts expect that CLS Holdings plc will post 10.0104167 earnings per share for the current year.

Analysts Set New Price Targets

CLI has been the topic of a number of research analyst reports. Peel Hunt reiterated a “reduce” rating and set a GBX 45 target price on shares of CLS in a report on Tuesday, August 4th. Berenberg Bank lowered their target price on CLS from GBX 58 to GBX 51 and set a “buy” rating for the company in a research note on Wednesday, August 12th. One investment 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, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 48.

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.