Celtic (LON:CCP) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Posted by Renee Jackson on Nov 9th, 2024

Celtic plc (LON:CCP – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 163.88 ($2.13) and traded as low as GBX 152.50 ($1.99). Celtic shares last traded at GBX 158.50 ($2.06), with a volume of 6,176 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price objective on Celtic from GBX 190 ($2.47) to GBX 202 ($2.63) and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

Read Our Latest Analysis on Celtic

Celtic Price Performance

The company has a market cap of £150.31 million, a price-to-earnings ratio of 634.00 and a beta of 0.36. The company’s 50-day simple moving average is GBX 169.62 and its 200-day simple moving average is GBX 163.88. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.46 and a quick ratio of 0.86.

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.