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

CLS Holdings plc (LON:CLI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 52.37 and traded as high as GBX 53. CLS shares last traded at GBX 52.30, with a volume of 26,428 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Peel Hunt reissued a “reduce” rating and issued a GBX 45 price target on shares of CLS in a report on Tuesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 58 price objective on shares of CLS in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CLS currently has an average rating of “Hold” and a consensus target price of GBX 51.50.

CLS Price Performance

The company has a debt-to-equity ratio of 121.99, a current ratio of 0.29 and a quick ratio of 0.59. The company’s 50 day moving average is GBX 49.29 and its 200 day moving average is GBX 52.29. The stock has a market cap of £192.69 million, a price-to-earnings ratio of -3.84 and a beta of 1.00.

Insider Transactions at CLS

In related news, insider Fredrik Widlund bought 20,109 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of GBX 46 per share, with a total value of £9,250.14. Company insiders own 60.13% of the company’s stock.

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.