CLS (LON:CLI) Stock Price Down 15% – Time to Sell?

by · The Cerbat Gem

CLS Holdings plc (LON:CLI – Get Free Report)’s share price dropped 15% during trading on Monday. The stock traded as low as GBX 42 and last traded at GBX 42.50. Approximately 760,802 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 719,319 shares. The stock had previously closed at GBX 50.

Analyst Upgrades and Downgrades

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

View Our Latest Report on CLI

CLS Stock Performance

The stock has a market cap of £186.78 million, a P/E ratio of -1.94 and a beta of 1.01. The company has a debt-to-equity ratio of 128.45, a current ratio of 0.26 and a quick ratio of 0.59. The firm’s 50-day moving average price is GBX 45.85 and its 200-day moving average price is GBX 47.82.

CLS (LON:CLI – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported GBX 2.70 EPS for the quarter. CLS had a negative net margin of 72.29% and a negative return on equity of 13.63%. Sell-side analysts expect that CLS Holdings plc will post 10.01 earnings per share for the current fiscal year.

About CLS

(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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