Celadon Group Inc. (NYSE:CGI) shot up 8.4% on Friday . The stock traded as high as $8.16 and last traded at $8.16, with a volume of 164,305 shares. The stock had previously closed at $7.53.

Several research firms have recently weighed in on CGI. Royal Bank Of Canada reiterated an “outperform” rating on shares of Celadon Group in a research report on Wednesday, June 22nd. Deutsche Bank AG reiterated a “sell” rating on shares of Celadon Group in a research report on Sunday, May 1st. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Celadon Group in a research report on Sunday, May 1st. Zacks Investment Research upgraded shares of Celadon Group from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of Celadon Group in a research report on Sunday, May 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Celadon Group has an average rating of “Buy” and an average price target of $31.86.

The firm’s 50-day moving average price is $8.58 and its 200-day moving average price is $9.27. The firm has a market cap of $221.17 million and a PE ratio of 6.25.

Other large investors have made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of Celadon Group by 164,905.0% in the fourth quarter. Bank of Montreal Can now owns 495,015 shares of the company’s stock worth $4,896,000 after buying an additional 494,715 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Celadon Group by 18.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,649,832 shares of the company’s stock worth $16,317,000 after buying an additional 258,505 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Celadon Group by 1.8% in the fourth quarter. First Trust Advisors LP now owns 171,927 shares of the company’s stock worth $1,700,000 after buying an additional 3,003 shares during the last quarter.

Celadon Group, Inc (Celadon) provides truckload freight transportation. The Company operates through two segments: asset based and asset light. The asset based segment offers services, such as United States domestic dry van, refrigerated, and flatbed service; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; dedicated contract service; regional and specialized short haul service, and rail intermodal service.

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