CLS (LON:CLI) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

CLS Holdings plc (LON:CLI) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 60.79 and traded as low as GBX 58.90. CLS shares last traded at GBX 59.80, with a volume of 383,362 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CLI shares. Berenberg Bank reissued a “buy” rating and issued a GBX 70 target price on shares of CLS in a report on Tuesday, December 2nd. Peel Hunt reaffirmed a “hold” rating and issued a GBX 70 price target on shares of CLS in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 70.

CLS Stock Down 4.8%

The firm has a market capitalization of £238.07 million, a price-to-earnings ratio of -4.18 and a beta of 1.01. The firm has a fifty day moving average price of GBX 59.14 and a 200 day moving average price of GBX 60.79. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 123.30.

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.