Celestica Inc., a major player in the supply chain solutions sector, has recently received upgraded ratings from analysts, indicating a positive outlook for the company.
UBS Group upgraded Celestica's rating to "hold," while TD Securities raised its price target and assigned a "buy" rating. Barclays also classified Celestica as a "strong buy." The consensus among analysts is a "Moderate Buy" rating, with an average price target of C$44.00.
Celestica's stock has garnered attention from various investment firms, with recommendations ranging from hold to strong buy. The company's stock performance has been volatile, with a 12-month low of C$35.13 and a high of C$130.00.
Celestica operates through two primary segments:
The company offers a comprehensive range of services in the electronics manufacturing sector.
Despite the positive ratings, analysts caution investors to consider market conditions, the company's high debt-to-equity ratio, and recent insider selling. Thorough research and staying informed about market trends and analyst insights are crucial for effective stock trading.