CLS’s (CLI) “Buy” Rating Reaffirmed at Berenberg Bank

CLS (LON:CLI)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 114 ($1.47) price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 75.93% from the company’s current price.

CLS Price Performance

LON:CLI traded down GBX 5.40 ($0.07) during trading hours on Tuesday, hitting GBX 64.80 ($0.84). The company’s stock had a trading volume of 19,730,904 shares, compared to its average volume of 1,109,875. The company has a market capitalization of £258.22 million, a PE ratio of -1.25 and a beta of 1.01. CLS has a 52-week low of GBX 62.50 ($0.81) and a 52-week high of GBX 101.40 ($1.31). The business’s 50-day moving average is GBX 71.83 and its two-hundred day moving average is GBX 81.87. The company has a debt-to-equity ratio of 123.30, a quick ratio of 0.59 and a current ratio of 0.73.

CLS (LON:CLI) last issued its earnings results on Tuesday, April 1st. The company reported GBX (23.60) (($0.30)) earnings per share for the quarter. CLS had a negative return on equity of 23.42% and a negative net margin of 134.11%. As a group, research analysts anticipate that CLS will post 10.0104167 EPS for the current fiscal year.

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.