Celadon Group Inc. (NYSE:CGI) shares shot up 4.4% on Thursday . The company traded as high as $7.17 and last traded at $7.15, with a volume of 439,875 shares traded. The stock had previously closed at $6.85.

A number of research firms have weighed in on CGI. Cowen and Company upped their target price on Celadon Group from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, April 29th. Credit Suisse Group AG reiterated an “outperform” rating on shares of Celadon Group in a report on Sunday, May 1st. TD Securities reiterated a “buy” rating on shares of Celadon Group in a report on Sunday, May 1st. Deutsche Bank AG reiterated a “sell” rating on shares of Celadon Group in a report on Sunday, May 1st. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Celadon Group in a report on Sunday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $31.86.

The stock has a 50 day moving average price of $7.96 and a 200 day moving average price of $9.24. The firm has a market capitalization of $209.85 million and a price-to-earnings ratio of 5.93.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.