Celtic (LON:CCP) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Celtic plc (LON:CCP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 161.86 ($2.15) and traded as low as GBX 144 ($1.91). Celtic shares last traded at GBX 148 ($1.97), with a volume of 14,005 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 208 ($2.77) price target on shares of Celtic in a research report on Tuesday, February 11th.

Celtic Stock Up 2.8 %

The company has a 50 day moving average of GBX 154.18 and a 200-day moving average of GBX 161.86. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 0.86. The company has a market cap of £131.09 million, a P/E ratio of 10.35 and a beta of 0.36.

Celtic (LON:CCP) last released its quarterly earnings data on Tuesday, February 11th. The company reported GBX 34.70 ($0.46) EPS for the quarter. Celtic had a return on equity of 14.28% and a net margin of 17.19%. On average, equities analysts predict that Celtic plc will post 10.6918239 earnings per share for the current year.

About Celtic

Celtic plc, through its subsidiary, Celtic F.C. Limited, operates a professional football club in the United Kingdom. The company operates through three segments: Football and Stadium Operations, Merchandising, and Multimedia and Other Commercial Activities. It is involved in the operation of a professional football club covering various activities, including football operations and investment; operation of the Celtic FC Youth Academy; match ticketing; merchandising; partner programs; marketing and brand protection; multimedia; stadium operations; facilities and property; catering and hospitality; public and supporter relations; and human resources.