Celestica (TSE:CLS) Upgraded at UBS Group

UBS Group upgraded shares of Celestica (TSE:CLS) (NYSE:CLS) to a hold rating in a report published on Friday morning,Zacks.com reports.

A number of other research analysts have also issued reports on CLS. TD Securities boosted their price target 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 upgraded Celestica to a “strong-buy” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$44.00.

Celestica Stock Performance

Shares of CLS opened at C$124.54 on Friday. The stock has a market capitalization of C$14.77 billion, a P/E ratio of 29.51, a P/E/G ratio of 0.14 and a beta of 2.23. The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47. Celestica has a 1 year low of C$35.13 and a 1 year high of C$130.00. The company’s fifty day moving average is C$88.33 and its two-hundred day moving average is C$78.33.

Insider Buying and Selling

In other Celestica news, Director Robert Andrew Mionis sold 150,000 shares of Celestica stock in a transaction dated Monday, October 28th. The shares were sold at an average price of C$96.83, for a total transaction of C$14,524,318.50. Also, Senior Officer Jason Phillips sold 18,000 shares of the company’s 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. Insiders have sold a total of 228,600 shares of company stock worth $23,295,294 in the last quarter. Company 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.