LBG Media’s (LBG) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of LBG Media (LON:LBG) in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a GBX 50 price objective on the stock.

Separately, Berenberg Bank increased their price objective on shares of LBG Media from GBX 45 to GBX 50 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, LBG Media presently has a consensus rating of “Buy” and a consensus target price of GBX 50.

LBG Media Stock Up 0.3%

Shares of LBG stock opened at GBX 33.40 on Tuesday. LBG Media has a one year low of GBX 20.68 and a one year high of GBX 95. The company has a debt-to-equity ratio of 3.88, a current ratio of 3.27 and a quick ratio of 5.33. The stock has a fifty day moving average price of GBX 31 and a 200 day moving average price of GBX 45.60. The stock has a market cap of £69.83 million, a P/E ratio of 12.37 and a beta of 0.58.

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.