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Celtic (LON:CCP) Shares Cross Below 200-Day Moving Average - What's Next?

Celtic logo with Communication Services background

Celtic plc (LON:CCP - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 171.89 ($2.17) and traded as low as GBX 162 ($2.04). Celtic shares last traded at GBX 174 ($2.19), with a volume of 13,251 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 208 ($2.62) price target on shares of Celtic in a research report on Tuesday, February 11th.

Read Our Latest Stock Analysis on CCP

Celtic Stock Performance

The firm has a market capitalization of £148.81 million, a price-to-earnings ratio of 11.75 and a beta of 0.36. The firm has a 50 day moving average price of GBX 169.97 and a 200-day moving average price of GBX 171.64. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 0.86.

Celtic (LON:CCP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported GBX 34.70 ($0.44) earnings per share (EPS) for the quarter. Celtic had a return on equity of 14.28% and a net margin of 17.19%. As a group, sell-side analysts expect that Celtic plc will post 10.6918239 earnings per share for the current fiscal year.

About Celtic

(Get Free Report)

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.

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