Celestica (TSE:CLS) Given New C$118.00 Price Target at BMO Capital Markets

Celestica (TSE:CLS) (NYSE:CLS) had its target price lowered by analysts at BMO Capital Markets from C$140.00 to C$118.00 in a report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential downside of 1.67% from the stock’s current price.

CLS has been the topic of a number of other reports. Cormark boosted their target price on shares of Celestica from C$93.00 to C$137.00 in a research report on Thursday, January 30th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$110.50.

Celestica Trading Down 2.8 %

TSE:CLS traded down C$3.45 during mid-day trading on Monday, reaching C$120.00. The company’s stock had a trading volume of 465,892 shares, compared to its average volume of 1,067,448. Celestica has a twelve month low of C$55.10 and a twelve month high of C$206.57. The company’s fifty day simple moving average is C$126.83 and its two-hundred day simple moving average is C$130.60. The stock has a market cap 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. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54.

Insider Activity at Celestica

In related news, Senior Officer Mandeep Chawla sold 87,341 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of C$174.86, for a total transaction of C$15,272,532.16. Also, Director Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of C$191.50, for a total value of C$1,307,181.11. In the last 90 days, insiders sold 127,614 shares of company stock valued at $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.