BMO Capital Markets Increases Celestica (TSE:CLS) Price Target to C$140.00

Celestica (TSE:CLS) (NYSE:CLS) had its price objective increased by BMO Capital Markets from C$72.00 to C$140.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential downside of 21.98% from the company’s current price.

Other equities research analysts have also issued reports about the company. Barclays raised Celestica to a “strong-buy” rating in a research note on Tuesday, November 5th. Cormark increased their price target on Celestica from C$93.00 to C$137.00 in a research report on Thursday. Finally, UBS Group upgraded Celestica to a “hold” rating in a report on Friday, November 22nd.

Celestica Stock Up 8.2 %

CLS stock opened at C$179.43 on Thursday. The firm has a market cap of C$21.28 billion, a PE ratio of 42.52, a P/E/G ratio of 0.14 and a beta of 2.23. Celestica has a 12 month low of C$43.97 and a 12 month high of C$194.05. 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 firm has a 50 day simple moving average of C$139.94 and a 200 day simple moving average of C$100.31.

Insider Activity

In other news, Director Michael M. Wilson sold 5,100 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$141.77, for a total value of C$723,030.57. Also, Director Robert Andrew Mionis sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of C$110.13, for a total transaction of C$6,607,522.80. Insiders sold 94,354 shares of company stock worth $10,780,754 over the last quarter. Corporate 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.