Canaccord Genuity Reiterates “Buy” Rating for Celtic (CCP)

Celtic (LON:CCP)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity in a research report issued on Monday. They currently have a GBX 140 ($1.93) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 6.06% from the company’s previous close.

Celtic (LON CCP) traded up GBX 0.50 ($0.01) on Monday, hitting GBX 132 ($1.82). 4,683 shares of the stock traded hands, compared to its average volume of 1,292. Celtic has a 52 week low of GBX 80.60 ($1.11) and a 52 week high of GBX 134 ($1.85). The firm has a market capitalization of $160.17 and a PE ratio of 13,000.00.

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Celtic Company Profile

Celtic Plc is engaged in the operation of a professional football club, with related and ancillary activities. The Company’s segments include Football and Stadium Operations, Merchandising, and Multimedia and Other Commercial Activities. The Football and Stadium Operations segment’s revenue includes ticket sales derived from matches played at Celtic Park; matchday and non-matchday catering and banqueting; visitor center revenues; donations received from Celtic Development Pools Limited, and revenues derived from the hiring of Celtic Park for football and non-football events.

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