What Will Happen to Celestica Inc Next? The Stock Just Reaches 52-Week High

 What Will Happen to Celestica Inc Next? The Stock Just Reaches 52 Week High

The stock of Celestica Inc (TSE:CLS) hit a new 52-week high and has $25.63 target or 58.00% above today’s $16.22 share price. The 8 months bullish chart indicates low risk for the $1.99 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $25.63 price target is reached, the company will be worth $1.15 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 6,500 shares traded hands. Celestica Inc (TSE:CLS) has risen 13.97% since April 7, 2016 and is uptrending. It has outperformed by 7.83% the S&P500.

Celestica Inc (TSE:CLS) Ratings Coverage

Out of 2 analysts covering Celestica Inc. (TSE:CLS), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $17 is the highest target while $16 is the lowest. The $16.50 average target is 1.73% above today’s ($16.22) stock price. Celestica Inc. has been the topic of 4 analyst reports since July 28, 2015 according to StockzIntelligence Inc.

Celestica Inc. is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The company has a market cap of $1.99 billion. The Firm operates in electronics manufacturing services business segment. It has a 13.77 P/E ratio. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.

CLS.TO Company Profile

Celestica Inc., incorporated on September 27, 1996, is a well-known provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The Firm operates in electronics manufacturing services business segment. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. The Company’s services and products serve a range of applications, including servers; networking and telecommunications equipment; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment, and a range of industrial and alternative energy products, including solar panels and inverters.

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