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

Celtic (LON:CCP)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 208 ($2.59) target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 17.38% from the stock’s current price.

Celtic Stock Up 1.3 %

LON:CCP opened at GBX 177.20 ($2.21) on Tuesday. Celtic has a fifty-two week low of GBX 120 ($1.49) and a fifty-two week high of GBX 210 ($2.61). The stock has a market capitalization of £168.04 million, a P/E ratio of 708.80 and a beta of 0.36. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.86 and a current ratio of 1.46. The company’s 50-day simple moving average is GBX 168.46 and its 200-day simple moving average is GBX 172.29.

Celtic (LON:CCP) last posted its quarterly earnings results on Tuesday, February 11th. The company reported GBX 34.70 ($0.43) earnings per share (EPS) for the quarter. Celtic had a net margin of 10.74% and a return on equity of 11.65%. On average, equities analysts anticipate that Celtic will post 10.6918239 earnings per share for the current fiscal 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.