Baltic Classifieds Group (LON:BCG) Stock Price Down 15.3% – Time to Sell?

Baltic Classifieds Group PLC (LON:BCG) shares dropped 15.3% during mid-day trading on Thursday . The stock traded as low as GBX 168 and last traded at GBX 186. Approximately 22,166,805 shares traded hands during trading, an increase of 820% from the average daily volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Analysts Set New Price Targets

BCG has been the subject of a number of research reports. Berenberg Bank lowered their price objective on Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating for the company in a research report on Wednesday, September 24th. JPMorgan Chase & Co. lifted their price target on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Baltic Classifieds Group to a “buy” rating and raised their price objective for the company from GBX 366 to GBX 373 in a research note on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 322.75.

Baltic Classifieds Group Trading Down 15.3%

The company’s fifty day simple moving average is GBX 273.09 and its two-hundred day simple moving average is GBX 322.51. The company has a market capitalization of £891.80 million, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70.

About Baltic Classifieds Group

Baltic Classifieds Group (BCG) is the leading online classifieds group in the Baltics, which owns and operates twelve leading vertical and generalist online classifieds portals in Estonia, Latvia and Lithuania. BCG’s online classifieds portfolio comprises four business lines – automotive, real estate, jobs & services and generalist.