LBG Media (LON:LBG) Hits New 1-Year Low – Here’s Why

Shares of LBG Media plc (LON:LBG) hit a new 52-week low on Wednesday . The stock traded as low as GBX 40.60 and last traded at GBX 41.80, with a volume of 65615 shares changing hands. The stock had previously closed at GBX 41.40.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their target price on shares of LBG Media from GBX 170 to GBX 90 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, LBG Media presently has an average rating of “Buy” and an average price target of GBX 90.

LBG Media Trading Up 1.0%

The firm has a market capitalization of £87.40 million, a PE ratio of 8.36 and a beta of 0.79. The company’s 50-day moving average price is GBX 60.10 and its 200-day moving average price is GBX 77.98. The company has a debt-to-equity ratio of 3.88, a quick ratio of 5.33 and a current ratio of 3.27.

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