Celestica (TSE:CLS) Rating Increased to Strong-Buy at Barclays

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by equities research analysts at Barclays to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.

Separately, TD Securities raised their price target on shares of Celestica from C$55.00 to C$61.00 and gave the stock a “buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$44.00.

Celestica Stock Up 4.1 %

Shares of TSE CLS opened at C$104.69 on Tuesday. The company has a 50 day simple moving average of C$74.56 and a 200-day simple moving average of C$72.87. The company has a market capitalization of C$12.42 billion, a P/E ratio of 24.81, 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 current ratio of 1.47 and a quick ratio of 0.54. Celestica has a 1 year low of C$33.57 and a 1 year high of C$105.69.

Insider Buying and Selling

In related news, Director Leila Wong sold 600 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of C$97.68, for a total transaction of C$58,605.18. In other Celestica news, Director Robert Andrew Mionis sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of C$96.83, for a total value of C$14,524,318.50. Also, Director Leila Wong sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of C$97.68, for a total transaction of C$58,605.18. 1.00% of the stock is currently owned by corporate 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.