Celestica (TSE:CLS) Price Target Lowered to C$126.00 at Canaccord Genuity Group

Celestica (TSE:CLS) (NYSE:CLS) had its price objective lowered by stock analysts at Canaccord Genuity Group from C$138.00 to C$126.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 5.00% from the stock’s previous close.

CLS has been the subject of several other research reports. BMO Capital Markets lowered their price target on shares of Celestica from C$140.00 to C$118.00 in a report on Monday. Cormark lifted their target price on shares of Celestica from C$93.00 to C$137.00 in a research note on Thursday, January 30th. Finally, Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Celestica has a consensus rating of “Buy” and an average target price of C$110.50.

Celestica Trading Down 2.8 %

Shares of CLS stock traded down C$3.45 on Monday, hitting C$120.00. The company had a trading volume of 465,892 shares, compared to its average volume of 1,067,448. The stock’s 50-day moving average is C$126.83 and its two-hundred day moving average is C$130.60. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47. The firm has a market cap of C$10.15 billion, a P/E ratio of 27.34, a P/E/G ratio of 0.14 and a beta of 2.23. Celestica has a twelve month low of C$55.10 and a twelve month high of C$206.57.

Insiders Place Their Bets

In other news, Senior Officer Todd Christopher Cooper sold 1,772 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of C$189.53, for a total transaction of C$335,851.06. Also, Director Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of C$191.50, for a total value of C$1,307,181.11. Over the last ninety days, insiders sold 127,614 shares of company stock worth $22,553,289. 1.00% of the stock is currently owned by company insiders.

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.