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

Celtic logo with Communication Services background

Celtic plc (LON:CCP - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 163.41 ($2.12) and traded as low as GBX 147.50 ($1.91). Celtic shares last traded at GBX 147.50 ($1.91), with a volume of 3,875 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price target on Celtic from GBX 190 ($2.46) to GBX 202 ($2.62) and gave the stock a "buy" rating in a research report on Tuesday, September 17th.

Read Our Latest Stock Analysis on CCP

Celtic Stock Performance

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 firm has a market capitalization of £137.50 million, a price-to-earnings ratio of 580.00 and a beta of 0.36. The firm has a 50 day moving average price of GBX 175.02 and a 200-day moving average price of GBX 163.31.

Celtic Company Profile

(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.

See Also

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