Celtic (LON:CCP) Shares Cross Below 200 Day Moving Average - Time to Sell?

Shares of Celtic plc (LON:CCP - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 163.95 ($2.17) and traded as low as GBX 140 ($1.86). Celtic shares last traded at GBX 140 ($1.86), with a volume of 10,445 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 208 ($2.76) target price on shares of Celtic in a report on Tuesday, February 11th.

Celtic Stock Performance

The firm has a market cap of £125.78 million, a price-to-earnings ratio of 9.94 and a beta of 0.36. The stock's 50 day moving average is GBX 160.53 and its 200 day moving average is GBX 163.39. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92.

Celtic (LON:CCP - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported GBX 34.70 ($0.46) earnings per share (EPS) for the quarter. Celtic had a net margin of 17.19% and a return on equity of 14.28%. Analysts anticipate 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.