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

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

Wall Street Analyst Weigh In

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

Baltic Classifieds Group Stock Performance

The company has a market cap of £891.80 million, a PE ratio of 20.00, a P/E/G ratio of 1.62 and a beta of 1.43. The company has a current ratio of 2.05, a quick ratio of 2.36 and a debt-to-equity ratio of 13.70. The firm’s 50-day simple moving average is GBX 275.32 and its two-hundred day simple moving average is GBX 323.46.

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.