LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity slightly raised their target price on Celtic from 202.0p to 208.0p on Tuesday, stating the firm's improved UCL campaign drives FY25 upgrades.
Canaccord Genuity said Celtic has continued to make strong progress across the first half of FY25, with a "strong start" to the 2024/25 league season being complemented by the winning of the Scottish League Cup and a successful UCL League stage campaign.

"After two years of disappointing UCL Group stage campaigns, the Club has seen a marked improvement in Europe's elite club competition and has successfully qualified for the knock-out stages of the competition for the first time since 2013," said Canaccord. "We believe the Club remains well positioned for further success this season, with a commanding lead in the SPFL after winning a third successive league title in 2023/24, making it 12 titles out of the previous 13."

The Canadian bank also noted that the change to the UCL format, with games now played in the Club's second half, and a change in the composition of home matches played, have resulted in a small re-profiling of group revenues into H225, whilst higher wages and stadium investment has seen reduced H125 profit pre-player trading.

"We have increased our FY25E forecasts to reflect the improved UCL campaign, albeit the full FY25 outcome clearly remains contingent on results across the remainder of the season," concluded the analysts, who reiterated their 'buy' rating on the stock.









Reporting by Iain Gilbert at Sharecast.com

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