Celtic (LON:CCP) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Celtic plc (LON:CCP) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 163.84 ($2.02) and traded as high as GBX 169.90 ($2.09). Celtic shares last traded at GBX 169.90 ($2.09), with a volume of 1,171 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their price objective on Celtic from GBX 190 ($2.34) to GBX 202 ($2.49) and gave the company a “buy” rating in a research report on Tuesday, September 17th.

Celtic Trading Down 3.0 %

The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 4.32. The company has a market cap of £151.73 million, a P/E ratio of 640.00 and a beta of 0.36. The business has a 50-day moving average price of GBX 164.06 and a two-hundred day moving average price of GBX 173.06.

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.