Celestica Inc. (TSE:CLS) Receives C$44.00 Average Price Target from Analysts

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$44.00.

A number of research firms recently issued reports on CLS. Barclays raised shares of 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, November 22nd.

Celestica Trading Down 4.3 %

Celestica stock opened at C$116.70 on Friday. The stock has a market cap of C$13.84 billion, a P/E ratio of 27.65, 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. Celestica has a 1 year low of C$35.13 and a 1 year high of C$130.00. The firm’s 50 day moving average price is C$91.85 and its 200-day moving average price is C$79.31.

Insider Transactions at Celestica

In other news, Director Robert Andrew Mionis sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$110.13, for a total value of C$6,607,522.80. Also, Senior Officer Jason Phillips sold 18,000 shares of the stock in a transaction that occurred 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. Over the last ninety days, insiders have sold 228,600 shares of company stock worth $23,295,294. 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.