BEST OF THE BROKERS

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CLS HOLDINGS

P 134 132 129 27 Jun 130 128 126 21 Jun 22 Jun 26 Jun 23 Jun 27 Jun

Property investor CLS Holdings has completed a number of asset sales with a combined worth of £49m. The sales included Westminster Tower and St Cloud Gate in Maidenhead. Analysts at Peel Hunt noted the sales had an average 7.5 per cent premium to the December 2022 valuation. The analysts rated it a 'hold' with a target price of 150p.

GRAINGER 300

P 27 Jun 224.2 280 260 240 220 21 Jun 22 Jun 26 Jun 23 Jun 27 Jun

Occupancy levels at listed landlord Grainger stood at over 98 per cent while sales remained resilient with volumes ahead of last year. Analysts at Peel Hunt said it was an "upbeat" trading update. They noted the shares trade at a 28 per cent discount to NAV. They rated it an 'add' with a target price of 275p.

(c) 2023 City A.M., source Newspaper