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CLS Holdings ( (GB:CLI) ) just unveiled an update.
CLS Holdings PLC has announced the sale of two properties in Germany for €41.3 million, which includes the Techno Centre in Munich and an office building in Hamburg. These sales align with the company’s strategy to reduce debt and focus on assets with greater management potential, as the properties sold offered limited opportunities for asset management. The proceeds from these sales, along with a recent UK property sale, will help reduce the company’s loan-to-value ratio, positioning CLS to capitalize on a recovering market.
The most recent analyst rating on (GB:CLI) stock is a Buy with a £1.00 price target. To see the full list of analyst forecasts on CLS Holdings stock, see the GB:CLI Stock Forecast page.
Spark’s Take on GB:CLI Stock
According to Spark, TipRanks’ AI Analyst, GB:CLI is a Neutral.
CLS Holdings’ overall score is driven by strong technical indicators and positive corporate events. The company’s attractive dividend yield supports valuation despite a negative P/E ratio. However, persistent financial challenges and high leverage limit the overall score.
To see Spark’s full report on GB:CLI stock, click here.
More about CLS Holdings
CLS Holdings PLC operates within the real estate industry, focusing on the acquisition, management, and development of commercial properties. The company primarily deals with office and industrial buildings, with a strategic focus on asset management to enhance long-term value.
Average Trading Volume: 766,880
Technical Sentiment Signal: Sell
Current Market Cap: £278.2M
Find detailed analytics on CLI stock on TipRanks’ Stock Analysis page.