Peel Hunt Reaffirms “Buy” Rating for CLS (LON:CLI)

Peel Hunt reiterated their buy rating on shares of CLS (LON:CLI) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages also recently commented on CLI. Berenberg Bank restated a buy rating and issued a GBX 275 ($3.59) target price on shares of CLS in a research note on Thursday, September 5th. Liberum Capital reiterated a buy rating on shares of CLS in a research report on Wednesday, November 20th.

CLS stock opened at GBX 294 ($3.84) on Tuesday. The company has a debt-to-equity ratio of 82.33, a current ratio of 2.18 and a quick ratio of 1.05. The stock has a fifty day moving average price of GBX 262.12 and a two-hundred day moving average price of GBX 237.61. CLS has a 52-week low of GBX 202.50 ($2.65) and a 52-week high of GBX 274 ($3.58). The firm has a market capitalization of $1.20 billion and a P/E ratio of 9.13.

In other news, insider Bengt F. Mortstedt sold 322,150 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 259 ($3.38), for a total transaction of £834,368.50 ($1,090,250.23). Also, insider Bengt F. Mortstedt sold 172,045 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of GBX 261 ($3.41), for a total value of £449,037.45 ($586,746.96).

About CLS

CLS Holdings plc, together with its subsidiaries, engages in the investment, development, and management of commercial properties in the United Kingdom, France, Germany, and France. It operates in two segments, Investment Property and Other Investments. The company also invests a hotel; and corporate bonds, shares, and other corporate investments.

Further Reading: Limitations of analyzing profit margin

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