CLS (LON:CLI) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of CLS Holdings plc (LON:CLI – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 61.65 and traded as low as GBX 58.60. CLS shares last traded at GBX 60.90, with a volume of 12,158 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 70 price objective on shares of CLS in a report on Tuesday, December 2nd. Peel Hunt reaffirmed a “hold” rating and set a GBX 70 price target on shares of CLS in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 70.

Check Out Our Latest Stock Report on CLS

CLS Stock Performance

The stock has a market capitalization of £242.45 million, a price-to-earnings ratio of -4.26 and a beta of 1.01. The company has a 50 day simple moving average of GBX 59.02 and a 200-day simple moving average of GBX 61.65. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 123.30.

CLS Company Profile

(Get Free Report)

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.

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