UBS Group upgraded shares of Celestica (TSE:CLS - Free Report) NYSE: CLS to a hold rating in a research report report published on Friday,Zacks.com reports.
CLS has been the subject of a number of other research reports. TD Securities upped their price objective on shares of Celestica from C$55.00 to C$61.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Barclays raised shares of Celestica to a "strong-buy" rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Celestica has an average rating of "Moderate Buy" and a consensus target price of C$44.00.
Read Our Latest Stock Report on CLS
Celestica Trading Down 2.6 %
Shares of Celestica stock traded down C$3.31 during trading hours on Friday, reaching C$124.54. 906,000 shares of the company's stock were exchanged, compared to its average volume of 653,354. Celestica has a 52-week low of C$35.13 and a 52-week high of C$130.00. The company has a fifty day moving average of C$88.33 and a 200-day moving average of C$78.20. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. The firm has a market capitalization of C$14.77 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23.
Insider Activity at Celestica
In other news, Senior Officer Jason Phillips sold 18,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$116.94, for a total transaction of C$2,104,847.21. Also, Director Robert Andrew Mionis sold 150,000 shares of Celestica stock in a transaction on Monday, October 28th. The stock was sold at an average price of C$96.83, for a total transaction of C$14,524,318.50. Over the last quarter, insiders have sold 228,600 shares of company stock worth $23,295,294. Company insiders own 1.00% of the company's stock.
About Celestica
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Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.
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