LBG Media (LON:LBG) Stock Price Down 11% – Here’s Why

LBG Media plc (LON:LBG) shares were down 11% during mid-day trading on Wednesday . The stock traded as low as GBX 61 and last traded at GBX 64.05. Approximately 113,502 shares changed hands during trading, an increase of 87% from the average daily volume of 60,560 shares. The stock had previously closed at GBX 72.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 170 target price on shares of LBG Media in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 170.

LBG Media Stock Up 10.2%

The firm has a market cap of £139.67 million, a PE ratio of 17.58 and a beta of 0.83. The company has a quick ratio of 5.33, a current ratio of 3.27 and a debt-to-equity ratio of 3.88. The business has a 50-day moving average price of GBX 81.76 and a two-hundred day moving average price of GBX 89.61.

LBG Media (LON:LBG) last released its earnings results on Tuesday, February 3rd. The company reported GBX 5.10 EPS for the quarter. LBG Media had a return on equity of 13.81% and a net margin of 11.52%. On average, equities research analysts expect that LBG Media plc will post 8.3434836 EPS for the current 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.