Celestica (TSE:CLS) Upgraded by Barclays to Strong-Buy Rating

Barclays upgraded shares of Celestica (TSE:CLS - Free Report) NYSE: CLS to a strong-buy rating in a report published on Tuesday morning, Zacks.com reports.

Separately, TD Securities lifted their target price on Celestica from C$55.00 to C$61.00 and gave the stock a "buy" rating in a report on Friday, July 26th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$44.00.

Celestica Stock Up 7.9 %

TSE CLS traded up C$8.24 during trading on Tuesday, hitting C$112.93. The company's stock had a trading volume of 678,764 shares, compared to its average volume of 642,359. The company has a debt-to-equity ratio of 52.78, a current ratio of 1.47 and a quick ratio of 0.54. The company has a market cap of C$13.39 billion, a PE ratio of 26.76, a P/E/G ratio of 0.14 and a beta of 2.23. The business's 50 day simple moving average is C$75.39 and its 200-day simple moving average is C$73.14. Celestica has a fifty-two week low of C$33.57 and a fifty-two week high of C$113.24.

Insider Activity at Celestica

In related news, Director Robert Andrew Mionis sold 150,000 shares of Celestica stock in a transaction that occurred 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. In other news, Director Leila Wong sold 600 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of C$97.68, for a total value of C$58,605.18. Also, Director Robert Andrew Mionis sold 150,000 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of C$96.83, for a total value of C$14,524,318.50. Over the last ninety days, insiders sold 210,600 shares of company stock worth $21,190,446. 1.00% of the stock is owned by corporate insiders.

Celestica Company Profile

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.