Baltic Classifieds Group (LON:BCG) Trading Down 15.3% – What’s Next?

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Berenberg Bank reduced 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. Deutsche Bank Aktiengesellschaft upgraded Baltic Classifieds Group to a “buy” rating and boosted their price objective for the company from GBX 366 to GBX 373 in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 322.75.

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Baltic Classifieds Group Price Performance

The stock has a market cap of £891.80 million, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The company has a debt-to-equity ratio of 13.70, a quick ratio of 2.36 and a current ratio of 2.05. The firm has a 50-day moving average price of GBX 275.32 and a 200-day moving average price of GBX 323.46.

Baltic Classifieds Group Company Profile

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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.

Further Reading

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