Insider Selling: Celestica Inc. (TSE:CLS) Senior Officer Sells C$2,104,847.21 in Stock

Celestica Inc. (TSE:CLS) (NYSE:CLS) Senior Officer Jason Phillips sold 18,000 shares of the stock in a transaction dated 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.

Celestica Stock Performance

Shares of TSE CLS opened at C$119.54 on Friday. The firm’s 50-day moving average price is C$77.33 and its 200-day moving average price is C$73.93. Celestica Inc. has a 52-week low of C$33.66 and a 52-week high of C$120.16. The company has a market cap of C$14.18 billion, a PE ratio of 28.33, a PEG ratio of 0.14 and a beta of 2.23. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CLS. TD Securities upped their target price on shares of Celestica from C$55.00 to C$61.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays raised Celestica to a “strong-buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Celestica presently has an average rating of “Buy” and a consensus price target of C$44.00.

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.