CLS’s (CLI) “Buy” Rating Reiterated at Liberum Capital

Liberum Capital reissued their buy rating on shares of CLS (LON:CLI) in a report issued on Tuesday, Digital Look reports. The firm currently has a GBX 300 ($3.92) price objective on the stock.

Other research analysts have also issued research reports about the stock. Peel Hunt reiterated a buy rating on shares of CLS in a research note on Friday, August 9th. Berenberg Bank reiterated a buy rating and issued a GBX 275 ($3.59) price target on shares of CLS in a research note on Wednesday, August 14th.

Shares of CLI opened at GBX 240.45 ($3.14) on Tuesday. CLS has a 52 week low of GBX 195 ($2.55) and a 52 week high of GBX 257 ($3.36). The firm has a market cap of $971.64 million and a P/E ratio of 7.47. The firm’s 50-day simple moving average is GBX 226.88 and its 200 day simple moving average is GBX 232.85. The company has a debt-to-equity ratio of 82.33, a quick ratio of 1.05 and a current ratio of 2.18.

The firm also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 22nd will be given a dividend of GBX 2.35 ($0.03) per share. The ex-dividend date is Thursday, August 22nd. This represents a dividend yield of 1.03%. CLS’s payout ratio is presently 0.22%.

In other CLS news, insider Andrew Kirkman bought 50,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were purchased at an average price of GBX 220 ($2.87) per share, for a total transaction of £110,000 ($143,734.48). In the last 90 days, insiders have acquired 70,133 shares of company stock worth $15,589,954.

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.

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