Celestica (TSE:CLS) Rating Increased to Hold at UBS Group

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by equities researchers at UBS Group to a “hold” rating in a research note issued on Friday,Zacks.com reports.

Several other research firms have also issued reports on CLS. TD Securities lifted their price objective on Celestica from C$55.00 to C$61.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Barclays raised Celestica to a “strong-buy” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$44.00.

Celestica Price Performance

TSE:CLS opened at C$124.54 on Friday. The firm has a market capitalization of C$14.77 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 0.14 and a beta of 2.23. Celestica has a 52-week low of C$35.13 and a 52-week high of C$130.00. The stock has a fifty day moving average of C$88.33 and a 200 day moving average of C$78.08. 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 news, Senior Officer Jason Phillips sold 18,000 shares of Celestica stock in a transaction dated 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 150,000 shares of the company’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. Over the last quarter, insiders have sold 228,600 shares of company stock worth $23,295,294. Company 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.