LBG Media (LON:LBG) Price Target Lowered to GBX 45 at Berenberg Bank

LBG Media (LON:LBG) had its target price dropped by stock analysts at Berenberg Bank from GBX 90 to GBX 45 in a report released on Tuesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 68.96% from the stock’s current price.

LBG Media Stock Down 23.2%

Shares of LBG stock opened at GBX 26.63 on Tuesday. The company has a current ratio of 3.27, a quick ratio of 5.33 and a debt-to-equity ratio of 3.88. LBG Media has a 1 year low of GBX 20.68 and a 1 year high of GBX 115.30. The firm’s fifty day moving average price is GBX 44.28 and its two-hundred day moving average price is GBX 67.59. The firm has a market capitalization of £55.68 million, a P/E ratio of 5.33 and a beta of 0.58.

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

About LBG Media

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.