Celtic (LON:CCP) Shares Pass Below 200-Day Moving Average - Here's Why

Celtic plc (LON:CCP - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 170.93 ($2.20) and traded as low as GBX 161 ($2.07). Celtic shares last traded at GBX 161 ($2.07), with a volume of 2,285 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 208 ($2.68) price target on shares of Celtic in a report on Tuesday, February 11th.

Celtic Price Performance

The firm has a market capitalization of £148.14 million, a PE ratio of 11.70 and a beta of 0.36. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. The company has a fifty day moving average price of GBX 169.67 and a two-hundred day moving average price of GBX 170.22.

Celtic (LON:CCP - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported GBX 34.70 ($0.45) earnings per share (EPS) for the quarter. Celtic had a net margin of 17.19% and a return on equity of 14.28%. Sell-side analysts forecast that Celtic plc will post 10.6918239 earnings per share for the current year.

Celtic Company Profile

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.