Celadon Group Inc. (CGI) Trading Down 2.8%
Celadon Group Inc. (NYSE:CGI)’s share price fell 2.8% during trading on Monday . The stock traded as low as $7.26 and last traded at $7.39, with a volume of 259,345 shares. The stock had previously closed at $7.60.
Several research firms have commented on CGI. Zacks Investment Research cut shares of Celadon Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Stifel Nicolaus lowered shares of Celadon Group from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Celadon Group in a research note on Wednesday, June 22nd. Desjardins upgraded shares of Celadon Group from a “hold” rating to a “buy” rating in a research note on Friday, May 27th. Finally, TD Securities restated a “buy” rating on shares of Celadon Group in a research note on Sunday, May 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $31.86.
The firm’s 50-day moving average price is $7.96 and its 200-day moving average price is $9.24. The firm has a market capitalization of $202.40 million and a price-to-earnings ratio of 5.72.
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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