Insider Selling: Celestica Inc. (TSE:CLS) Senior Officer Sells 87,341 Shares of Stock

Celestica Inc. (TSE:CLS) (NYSE:CLS) Senior Officer Mandeep Chawla sold 87,341 shares of the company’s 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 value of C$15,272,532.16.

Mandeep Chawla also recently made the following trade(s):

• On Friday, January 31st, Mandeep Chawla sold 9,483 shares of Celestica stock. The stock was sold at an average price of C$183.66, for a total value of C$1,741,689.20.
• On Monday, December 2nd, Mandeep Chawla sold 9,704 shares of Celestica stock. The shares were sold at an average price of C$119.54, for a total value of C$1,160,059.44.

Celestica Price Performance

Shares of Celestica stock opened at C$185.26 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78. The company has a market cap of C$21.97 billion, a PE ratio of 43.90, a P/E/G ratio of 0.14 and a beta of 2.23. The business has a 50 day moving average of C$146.54 and a 200 day moving average of C$104.02. Celestica Inc. has a 52 week low of C$48.67 and a 52 week high of C$206.57.

Analyst Upgrades and Downgrades

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

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.