Celtic (LON:CCP) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Celtic plc's share price has fallen below its 200-day moving average, trading at GBX 163 ($2.21) after hitting a low of GBX 161.83 ($2.19).
• The company has a market capitalization of £161.43 million and a notably high P/E ratio of 962.08, indicating potential overvaluation.
• Celtic operates a professional football club through various segments, including Football and Stadium Operations, and focuses on activities such as match ticketing and merchandising.

Celtic plc (LON:CCP - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 166.47 ($2.25) and traded as low as GBX 161.83 ($2.19). Celtic shares last traded at GBX 163 ($2.20), with a volume of 12,781 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their price target on Celtic from GBX 208 to GBX 212 and gave the stock a "buy" rating in a report on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 212.

Celtic Trading Up 1.2%

The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average price of GBX 179.84 and a 200-day moving average price of GBX 166.52. The firm has a market capitalization of £161.43 million, a PE ratio of 962.08 and a beta of 0.36.

Celtic (LON:CCP - Get Free Report) last announced its quarterly earnings data on Friday, September 19th. The company reported GBX 35.78 earnings per share for the quarter. Celtic had a return on equity of 14.28% and a net margin of 17.19%. Analysts expect that Celtic plc will post 10.6918239 earnings per share for the current year.

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.