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

Celtic plc (LON:CCP)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 163.41 ($2.12) and traded as low as GBX 147.50 ($1.91). Celtic shares last traded at GBX 147.50 ($1.91), with a volume of 3,875 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their price objective on Celtic from GBX 190 ($2.46) to GBX 202 ($2.62) and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

Celtic Stock Performance

The company has a fifty day simple moving average of GBX 173.88 and a two-hundred day simple moving average of GBX 163.43. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 4.32. The company has a market cap of £139.87 million, a PE ratio of 590.00 and a beta of 0.36.

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.