Brokerages Set Celestica Inc. (TSE:CLS) Price Target at C$44.00

Celestica Inc. (TSE:CLS) (NYSE:CLS) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$44.00.

A number of equities research analysts have commented on CLS shares. UBS Group upgraded shares of Celestica to a “hold” rating in a research note on Friday. Barclays raised Celestica to a “strong-buy” rating in a report on Tuesday, November 5th.

Celestica Stock Performance

Shares of CLS opened at C$119.71 on Friday. The firm has a market capitalization of C$14.20 billion, a P/E ratio of 28.37, a PEG ratio of 0.14 and a beta of 2.23. 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 business has a fifty day moving average of C$89.54 and a 200 day moving average of C$78.74. Celestica has a one year low of C$35.13 and a one year high of C$130.00.

Insiders Place Their Bets

In other news, Senior Officer Jason Phillips sold 18,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$116.94, for a total value of C$2,104,847.21. Also, Director Leila Wong sold 600 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of C$97.68, for a total value of C$58,605.18. Insiders sold a total of 228,600 shares of company stock worth $23,295,294 over the last 90 days. Company insiders own 1.00% of the company’s stock.

About Celestica

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.