Celestica (TSE:CLS) Price Target Lowered to C$126.00 at Canaccord Genuity Group

Celestica (TSE:CLS - Get Free Report) NYSE: CLS had its target price dropped by analysts at Canaccord Genuity Group from C$138.00 to C$126.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's target price points to a potential upside of 5.00% from the stock's current price.

A number of other research analysts have also recently issued reports on CLS. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Cormark upped their target price on shares of Celestica from C$93.00 to C$137.00 in a research report on Thursday, January 30th. Finally, BMO Capital Markets lowered their price target on shares of Celestica from C$140.00 to C$118.00 in a report on Monday. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Celestica currently has an average rating of "Buy" and a consensus target price of C$110.50.

Celestica Stock Performance

Shares of TSE CLS traded down C$3.45 during trading hours on Monday, hitting C$120.00. 465,892 shares of the stock were exchanged, compared to its average volume of 1,067,448. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The company's 50 day moving average is C$126.83 and its 200 day moving average is C$130.60. The firm has a market capitalization of C$10.15 billion, a P/E ratio of 27.34, a P/E/G ratio of 0.14 and a beta of 2.23. Celestica has a one year low of C$55.10 and a one year high of C$206.57.

Insider Buying and Selling

In related news, Senior Officer Mandeep Chawla sold 87,341 shares of Celestica stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$174.86, for a total transaction of C$15,272,532.16. Also, Senior Officer Todd Christopher Cooper sold 1,772 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of C$189.53, for a total transaction of C$335,851.06. Over the last three months, insiders have sold 127,614 shares of company stock worth $22,553,289. 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.

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