Celadon Group Inc. (NYSE:CGI) shares rose 2.9% on Tuesday . The stock traded as high as $7.43 and last traded at $7.40, with a volume of 190,972 shares. The stock had previously closed at $7.19.

CGI has been the topic of several research reports. Stifel Nicolaus lowered Celadon Group from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Zacks Investment Research lowered Celadon Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Desjardins raised Celadon Group from a “hold” rating to a “buy” rating in a research report on Friday, May 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Celadon Group in a research report on Wednesday, June 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $31.86.

The firm’s 50 day moving average is $7.81 and its 200 day moving average is $9.16. The firm has a market capitalization of $203.78 million and a PE ratio of 5.76.

A hedge fund recently raised its stake in Celadon Group stock. Ameriprise Financial Inc. raised its stake in Celadon Group Inc. (NYSE:CGI) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,095 shares of the company’s stock after buying an additional 7,199 shares during the period. Ameriprise Financial Inc. owned about 0.50% of Celadon Group worth $1,345,000 as of its most recent SEC filing.

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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