Baltic Classifieds Group (LON:BCG) Stock Price Down 18.1% Following Analyst Downgrade

Baltic Classifieds Group PLC (LON:BCGGet Free Report) traded down 18.1% 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 179.70. 213,297,953 shares were traded during mid-day trading, an increase of 6,527% from the average session volume of 3,218,636 shares. The stock had previously closed at GBX 219.50.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company 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 report on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Baltic Classifieds Group has a consensus rating of “Hold” and an average price target of GBX 316.50.

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Baltic Classifieds Group Stock Performance

The stock has a market cap of £840.98 million, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The stock has a fifty day moving average of GBX 270.61 and a 200-day moving average of GBX 321.20. The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70.

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.

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