Insider Selling: Celestica Inc. (TSE:CLS) Director Sells 20,429 Shares of Stock

Celestica Inc. (TSE:CLS) (NYSE:CLS) Director Robert Andrew Mionis sold 20,429 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$3,572,234.80.

Celestica Stock Performance

Shares of CLS stock opened at C$185.26 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. Celestica Inc. has a 12 month low of C$48.67 and a 12 month high of C$206.57. The firm has a market capitalization of C$21.97 billion, a PE ratio of 43.90, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The firm has a fifty day simple moving average of C$146.54 and a two-hundred day simple moving average of C$104.02.

Analysts Set New Price Targets

CLS has been the topic of a number of recent analyst reports. UBS Group raised Celestica to a “hold” rating in a research note on Friday, November 22nd. BMO Capital Markets lifted their price objective on shares of Celestica from C$72.00 to C$140.00 in a research note on Thursday, January 30th. Barclays upgraded shares of Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. Cormark upped their price objective on shares of Celestica from C$93.00 to C$137.00 in a report on Thursday, January 30th. Finally, Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$96.75.

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.