Celtic (LON:CCP) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Celtic plc's stock price has recently crossed above its 50-day moving average, trading at GBX 178.80 ($2.40) with a high of GBX 179.80.
• Analysts at Canaccord Genuity have raised their target price for Celtic shares from GBX 208 to GBX 212, maintaining a "buy" rating.
• The company reported an earnings per share of GBX 35.78 for the last quarter and has a net margin of 17.19% with a debt-to-equity ratio of 0.92.

Celtic plc (LON:CCP - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 175.77 ($2.36) and traded as high as GBX 179.80 ($2.41). Celtic shares last traded at GBX 178.80 ($2.40), with a volume of 633 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their target price on shares of Celtic from GBX 208 to GBX 212 and gave the company a "buy" rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 212.

Celtic Stock Performance

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 1.46. The firm's 50-day moving average price is GBX 175.77 and its two-hundred day moving average price is GBX 167.67. The firm has a market capitalization of £156.68 million, a price-to-earnings ratio of 654.24 and a beta of 0.36.

Celtic (LON:CCP - Get Free Report) last issued its earnings results on Friday, September 19th. The company reported GBX 35.78 earnings per share for the quarter. Celtic had a net margin of 17.19% and a return on equity of 14.28%. Sell-side analysts predict that Celtic plc will post 10.6918239 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.