LBG Media (LON:LBG) Shares Up 5.8% – Time to Buy?

LBG Media plc (LON:LBG) shares shot up 5.8% on Wednesday . The stock traded as high as GBX 32.80 and last traded at GBX 32.80. Approximately 44,451 shares were traded during trading, a decline of 85% from the average session volume of 306,174 shares. The stock had previously closed at GBX 31.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price objective on shares of LBG Media from GBX 45 to GBX 50 and gave the company a “buy” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, LBG Media currently has an average rating of “Buy” and a consensus price target of GBX 50.

LBG Media Trading Down 7.4%

The stock has a market capitalization of £65.86 million, a PE ratio of 11.67 and a beta of 0.58. The firm has a 50 day moving average price of GBX 32.40 and a 200 day moving average price of GBX 53.87. The company has a quick ratio of 5.33, a current ratio of 3.27 and a debt-to-equity ratio of 3.88.

LBG Media (LON:LBG) last announced its earnings results on Tuesday, June 9th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. LBG Media had a return on equity of 13.81% and a net margin of 11.52%.The company had revenue of GBX 5,236 million for the quarter. Equities analysts expect that LBG Media plc will post 8.3434836 EPS for the current fiscal year.

LBG Media Company Profile

LBG Media is a multi-brand, multi-channel digital youth publisher and is a leading disrupter in the digital media and social publishing sectors. The Group produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience (virtual and augmented reality). Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement.