Baltic Classifieds Group (LON:BCG) Stock Price Down 15.3% on Analyst Downgrade

Baltic Classifieds Group PLC (LON:BCG) shares dropped 15.3% on Thursday after Berenberg Bank lowered their price target on the stock from GBX 360 to GBX 335. Berenberg Bank currently has a buy rating on the stock. Baltic Classifieds Group 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.

A number of other research firms also recently issued reports on BCG. JPMorgan Chase & Co. lifted 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. Deutsche Bank Aktiengesellschaft raised Baltic Classifieds Group to a “buy” rating and lifted their price target for the stock 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 issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Baltic Classifieds Group has an average rating of “Hold” and an average target price of GBX 316.50.

Baltic Classifieds Group Stock Down 5.7%

The stock has a 50 day moving average price of GBX 270.61 and a 200-day moving average price of GBX 320.89. The stock has a market capitalization of £840.98 million, a P/E ratio of 18.86, a PEG ratio of 1.62 and a beta of 1.43. The company has a debt-to-equity ratio of 13.70, a current ratio of 2.05 and a quick ratio of 2.36.

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.