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

Baltic Classifieds Group PLC (LON:BCG) 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 issued reports on BCG. JPMorgan Chase & Co. lifted their price target 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 upgraded shares of Baltic Classifieds Group to a “buy” rating and increased their target price for the company from GBX 366 to GBX 373 in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 316.50.

Baltic Classifieds Group Stock Performance

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 stock has a market capitalization of £840.98 million, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The firm’s fifty day moving average price is GBX 270.61 and its 200 day moving average price is GBX 320.89.

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.