Celtic (LON:CCP) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

Celtic plc (LON:CCP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 162.73 ($2.11) and traded as low as GBX 150.26 ($1.95). Celtic shares last traded at GBX 155 ($2.01), with a volume of 4,720 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their target price on Celtic from GBX 190 ($2.47) to GBX 202 ($2.62) and gave the company a "buy" rating in a research note on Tuesday, September 17th.

Celtic Stock Performance

The company has a market capitalization of £146.99 million, a price-to-earnings ratio of 620.00 and a beta of 0.36. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.46 and a quick ratio of 0.86. The stock has a 50 day moving average price of GBX 180.18 and a two-hundred day moving average price of GBX 162.68.

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.