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

Celestica Inc. (TSE:CLS) (NYSE:CLS) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$44.00.

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

Celestica Price Performance

Shares of TSE CLS opened at C$119.71 on Friday. The stock has a market capitalization of C$14.20 billion, a PE ratio of 28.37, a P/E/G ratio of 0.14 and a beta of 2.23. The business has a fifty day moving average price of C$89.54 and a two-hundred day moving average price of C$78.74. Celestica has a fifty-two week low of C$35.13 and a fifty-two week high of C$130.00. The company has a debt-to-equity ratio of 52.78, a current ratio of 1.47 and a quick ratio of 0.54.

Insider Transactions at Celestica

In other news, Director Leila Wong sold 600 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of C$97.68, for a total transaction of C$58,605.18. Also, Senior Officer Jason Phillips sold 18,000 shares of the company’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. Insiders sold a total of 228,600 shares of company stock worth $23,295,294 in the last quarter. Insiders own 1.00% of the company’s stock.

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.