Celtic (LON:CCP) Shares Cross Below 200-Day Moving Average – Time to Sell?

Celtic plc (LON:CCP) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 206.69 and traded as low as GBX 167. Celtic shares last traded at GBX 175, with a volume of 26,177 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 215 target price on shares of Celtic in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 215.

Celtic Trading Down 0.9%

The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 3.50. The firm has a market cap of £162.69 million, a price-to-earnings ratio of 20.38 and a beta of 0.01. The company has a fifty day moving average price of GBX 193.82 and a 200-day moving average price of GBX 206.51.

Celtic (LON:CCP) last announced its quarterly earnings results on Tuesday, September 22nd. The company reported GBX (5.03) earnings per share for the quarter. Celtic had a negative net margin of 4.31% and a negative return on equity of 3.02%. As a group, research analysts expect 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.