Canaccord Genuity Group Reaffirms “Buy” Rating for Celtic (LON:CCP)

Celtic (LON:CCP)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 215 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 26.03% from the company’s previous close.

Celtic Price Performance

Celtic stock traded down GBX 4.40 during mid-day trading on Wednesday, hitting GBX 170.60. 2,589 shares of the company were exchanged, compared to its average volume of 13,660. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 3.50. The business has a fifty day moving average of GBX 196.70 and a 200 day moving average of GBX 206.96. Celtic has a 1-year low of GBX 160 and a 1-year high of GBX 260. The company has a market capitalization of £162.31 million, a PE ratio of 20.33 and a beta of 0.01.

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