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

Celestica (TSE:CLS) (NYSE:CLS) had its target price upped by research analysts at BMO Capital Markets from C$72.00 to C$140.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential downside of 16.05% from the company’s previous close.

A number of other equities analysts also recently commented on CLS. Cormark increased their price objective on Celestica from C$93.00 to C$137.00 in a report on Thursday. UBS Group upgraded shares of Celestica to a “hold” rating in a report on Friday, November 22nd. Finally, Barclays upgraded shares of Celestica to a “strong-buy” rating in a report on Tuesday, November 5th.

Celestica Stock Up 15.0 %

TSE CLS traded up C$21.78 on Thursday, reaching C$166.77. The stock had a trading volume of 714,612 shares, compared to its average volume of 754,785. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. Celestica has a 1 year low of C$43.97 and a 1 year high of C$187.90. The business has a 50 day moving average price of C$139.06 and a 200 day moving average price of C$99.85. The company has a market capitalization of C$19.78 billion, a price-to-earnings ratio of 39.52, a P/E/G ratio of 0.14 and a beta of 2.23.

Insider Transactions at Celestica

In other Celestica news, Director Robert Andrew Mionis sold 60,000 shares of the company’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 value of C$6,607,522.80. Also, Director Alok K. Agrawal sold 1,550 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$119.54, for a total value of C$185,293.91. Over the last three months, insiders sold 94,354 shares of company stock worth $10,780,754. 1.00% of the stock is owned by insiders.

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.