Celadon Group Inc. (CGI) Stock Price Up 2.7%
Celadon Group Inc. (NYSE:CGI) rose 2.7% on Wednesday . The company traded as high as $7.36 and last traded at $7.34, with a volume of 168,069 shares trading hands. The stock had previously closed at $7.15.
CGI has been the topic of a number of recent analyst reports. Desjardins upgraded shares of Celadon Group from a “hold” rating to a “buy” rating in a research note on Friday, May 27th. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Celadon Group in a research note on Sunday, May 1st. Stifel Nicolaus cut shares of Celadon Group from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. TD Securities restated a “buy” rating on shares of Celadon Group in a research note on Sunday, May 1st. Finally, Deutsche Bank AG restated a “sell” rating on shares of Celadon Group in a research note on Sunday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $31.86.
The company has a market cap of $203.50 million and a PE ratio of 5.75. The firm has a 50-day moving average price of $7.90 and a 200 day moving average price of $9.22.
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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