Celtic (LON:CCP) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Celtic plc (LON:CCP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 170.93 ($2.21) and traded as low as GBX 161 ($2.08). Celtic shares last traded at GBX 161 ($2.08), with a volume of 2,285 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 208 ($2.69) target price on shares of Celtic in a research report on Tuesday, February 11th.

Celtic Trading Down 2.4 %

The stock has a 50 day moving average of GBX 169.70 and a 200 day moving average of GBX 170.66. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 0.86. The firm has a market cap of £142.61 million, a P/E ratio of 11.26 and a beta of 0.36.

Celtic (LON:CCP) last posted its quarterly earnings data on Tuesday, February 11th. The company reported GBX 34.70 ($0.45) 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, equities research analysts predict that Celtic plc will post 10.6918239 EPS for the current year.

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.