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

Celestica (TSE:CLS) (NYSE:CLS) had its price objective upped by equities research analysts at BMO Capital Markets from C$72.00 to C$140.00 in a research note issued to investors on Thursday, Marketbeat reports. BMO Capital Markets’ target price would indicate a potential downside of 21.98% from the stock’s current price.

CLS has been the topic of a number of other research reports. Cormark boosted their price target on shares of 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 research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$96.75.

Celestica Price Performance

CLS stock opened at C$179.43 on Thursday. The company has a market capitalization of C$21.28 billion, a PE ratio of 42.52, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The company’s fifty day moving average price is C$140.97 and its 200-day moving average price is C$101.14. Celestica has a one year low of C$43.97 and a one year high of C$194.05. The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47.

Insider Buying and Selling at Celestica

In other news, Senior Officer Jason Phillips sold 18,000 shares of the firm’s stock in a transaction that occurred on 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. Also, Director Robert Andrew Mionis sold 60,000 shares of the stock in a transaction 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. Insiders have sold a total of 94,354 shares of company stock worth $10,780,754 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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.