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RBC Capital Sticks to Their Hold Rating for Celestica (CLS)

RBC Capital analyst Paul Treiber maintained a Hold rating on Celestica (CLSResearch Report) today and set a price target of $12.00. The company’s shares closed yesterday at $11.06.

According to TipRanks, Treiber is a 5-star analyst with an average return of 7.7% and a 57.65% success rate. Treiber covers the Technology sector, focusing on stocks such as Open Text, Shopify, and BlackBerry.

In addition to RBC Capital, Celestica also received a Hold from Citigroup’s Jim Suva in a report issued today. However, on the same day, Canaccord Genuity maintained a Buy rating on Celestica (NYSE: CLS).

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CLS market cap is currently $1.37B and has a P/E ratio of 10.16.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Celestica, Inc. engages in the provision of supply chain solutions globally to original equipment manufacturers and service providers in the communications, consumer, computing and diversified end markets. It operates through the Advanced Technology Solutions (ATS) and Connectivity and Cloud Solutions (CCS) business segments. The ATS segment comprises of aerospace and defense, industrial, smart energy, health tech, and capital equipment businesses. The CCS segment consists of enterprise communications, telecommunications, servers, and storage businesses. Celestica was founded in 1994 and is headquartered in Toronto, Canada.

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