Celadon Group Inc. (CGI) Shares Up 2.7%
Celadon Group Inc. (NYSE:CGI) shot up 2.7% during mid-day trading on Wednesday . The stock 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.
Several research firms recently issued reports on CGI. Cowen and Company lifted their price objective on Celadon Group from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, April 29th. Credit Suisse Group AG reissued an “outperform” rating on shares of Celadon Group in a research note on Sunday, May 1st. TD Securities reissued a “buy” rating on shares of Celadon Group in a research note on Sunday, May 1st. Deutsche Bank AG reissued a “sell” rating on shares of Celadon Group in a research note on Sunday, May 1st. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Celadon Group in a research note on Sunday, May 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Celadon Group has an average rating of “Buy” and a consensus target price of $31.86.
The company has a market cap of $203.22 million and a PE ratio of 5.74. The company has a 50-day moving average of $7.88 and a 200-day moving average of $9.20.
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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