CLS Holdings (CLI)

Sector:

Real Estate

Index:

FTSE Small Cap

86.10p
   
  • Change Today:
    -0.90p
  • 52 Week High: 145.80
  • 52 Week Low: 85.30
  • Currency: UK Pounds
  • Shares Issued: 397.41m
  • Volume: 276,191
  • Market Cap: £342.17m
  • RiskGrade: 119

Berenberg maintains 'top pick' rating on CLS Holdings

By Iain Gilbert

Date: Wednesday 12 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg took a fresh look at the UK real estate sector on Tuesday as the London workforce works from home once again following the implementation of Britain's "Plan-B" Covid-19 restrictions.
Berenberg analysed the likely impact of hybrid working patterns, prevailing market conditions and the growing importance of both flexibility and sustainability for the subsector as we enter 2022 and concluded that, despite the recent relative underperformance of the subsector, its safe-haven status and depressed valuation multiple, it expects market sentiment to "remain a headwind" throughout the first half of 2022.

The German bank believes that total returns for developer-traders will remain "significantly" below both their ten-year averages and its cost of equity assumptions in the medium-term.

Berenberg stated that with market conditions expected to remain "benign", active asset manager CLS Holdings remained its "top pick" in the subsector due to its "superior income returns", its potential to deliver one-off capital gains, its lean central cost base, its sector-leading track record of outperformance, its German exposure and its 30% relative valuation discount. Berenberg also raised its target price on the stock to 330.0p from 300.0p.

The analysts also maintained their 'buy' ratings for Derwent and Helical, and raised its target price on the latter from 475.0p to 520.0p, but downgraded Great Portland to 'hold' from 'buy' and upgraded Workspace Group to 'hold' from 'sell' and hiked its price target for its shares from 670.0p to 850.0p due to its stabilising portfolio occupancy and rental rates.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CLS Holdings Market Data

Currency UK Pounds
Share Price 86.10p
Change Today -0.90p
% Change -1.03 %
52 Week High 145.80
52 Week Low 85.30
Volume 276,191
Shares Issued 397.41m
Market Cap £342.17m
RiskGrade 119

CLS Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.51% above the market average91.51% above the market average91.51% above the market average91.51% above the market average91.51% above the market average
95.00% above the sector average95.00% above the sector average95.00% above the sector average95.00% above the sector average95.00% above the sector average
Price Trend
66.74% below the market average66.74% below the market average66.74% below the market average66.74% below the market average66.74% below the market average
90.7% below the sector average90.7% below the sector average90.7% below the sector average90.7% below the sector average90.7% below the sector average
Income
80.81% above the market average80.81% above the market average80.81% above the market average80.81% above the market average80.81% above the market average
87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average
Growth
59.15% below the market average59.15% below the market average59.15% below the market average59.15% below the market average59.15% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CLS Holdings Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 07-Sep-23
Paid 02-May-24 03-Oct-23
Amount 5.35p 2.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 39,896 @ 86.10p
16:35 8 @ 86.10p
16:35 458 @ 86.10p
16:35 122 @ 86.10p
16:35 336 @ 86.10p

CLS Holdings Key Personnel

CEO Fredrik Widlund
CFO Andrew Kirkman

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