Mandeep Chawla Sells 87,341 Shares of Celestica Inc. (TSE:CLS) Stock

Celestica Inc. (TSE:CLS) (NYSE:CLS) Senior Officer Mandeep Chawla sold 87,341 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were 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 shares were 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 Stock Down 2.9 %

Shares of TSE CLS opened at C$185.26 on Friday. Celestica Inc. has a 12 month low of C$48.67 and a 12 month high of C$206.57. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. The firm has a market capitalization of C$21.97 billion, a price-to-earnings ratio of 43.90, a PEG 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.

Wall Street Analyst Weigh In

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