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

Baltic Classifieds Group PLC (LON:BCG)’s stock price fell 15.3% during mid-day trading 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. 22,166,805 shares were traded 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.

A number of other brokerages have also weighed in on BCG. JPMorgan Chase & Co. increased their target price on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Baltic Classifieds Group to a “buy” rating and raised their price target for the stock from GBX 366 to GBX 373 in a research report on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 316.50.

Baltic Classifieds Group Stock Down 5.7%

The firm’s fifty day moving average is GBX 270.61 and its 200-day moving average is GBX 320.89. The company has a market capitalization of £840.98 million, a P/E ratio of 18.86, 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.

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.