Celestica (TSE:CLS) Stock Rating Upgraded by UBS Group

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

A number of other equities analysts have also weighed in on the stock. TD Securities lifted their price target on shares of Celestica from C$55.00 to C$61.00 and gave the company a “buy” rating in a report on Friday, July 26th. Barclays upgraded Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$44.00.

Celestica Price Performance

CLS opened at C$124.54 on Friday. Celestica has a 1 year low of C$35.13 and a 1 year high of C$130.00. The company’s 50 day simple moving average is C$88.33 and its 200 day simple moving average is C$78.33. The stock has a market capitalization of C$14.77 billion, a PE 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.

Insider Transactions at Celestica

In other Celestica news, Director Robert Andrew Mionis sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of C$96.83, for a total value of C$14,524,318.50. Also, Senior Officer Jason Phillips sold 18,000 shares of the stock in a transaction that occurred on 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 sold 228,600 shares of company stock valued at $23,295,294 over the last 90 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.