Celtic (LON:CCP) Stock Crosses Below 200 Day Moving Average – Here’s Why

Celtic plc (LON:CCP) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 165.65 ($2.10) and traded as low as GBX 162 ($2.06). Celtic shares last traded at GBX 165 ($2.09), with a volume of 6,600 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their price objective on shares of Celtic from GBX 190 ($2.41) to GBX 202 ($2.56) and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

Celtic Trading Up 1.5 %

The business’s fifty day moving average is GBX 164.55 and its 200-day moving average is GBX 165.65. The firm has a market cap of £156.47 million, a P/E ratio of 660.00 and a beta of 0.36. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.86 and a current ratio of 1.46.

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.