Celtic (LON:CCP) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Shares of Celtic plc (LON:CCP) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Analyst Upgrades and Downgrades

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

Celtic Stock Down 3.0 %

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

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.