Baltic Classifieds Group (LON:BCG) Trading Down 15.3% – Here’s Why

by · The Cerbat Gem

Shares of Baltic Classifieds Group PLC (LON:BCG – Get Free Report) were down 15.3% on Thursday . The stock traded as low as GBX 168 and last traded at GBX 186. Approximately 22,166,805 shares were traded during trading, an increase of 820% from the average daily volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BCG shares. Deutsche Bank Aktiengesellschaft raised Baltic Classifieds Group to a “buy” rating and lifted their target price for the company from GBX 366 to GBX 373 in a research report on Thursday, September 25th. JPMorgan Chase & Co. raised their target price on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Berenberg Bank cut their price target on shares of Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 322.75.

Check Out Our Latest Stock Report on BCG

Baltic Classifieds Group Price Performance

The company has a debt-to-equity ratio of 13.70, a quick ratio of 2.36 and a current ratio of 2.05. The company has a market capitalization of £891.80 million, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The company has a 50-day moving average price of GBX 275.32 and a 200-day moving average price of GBX 323.46.

Baltic Classifieds Group Company Profile

(Get Free Report)

Baltic Classifieds Group (BCG) is the leading online classifieds group in the Baltics, which owns and operates twelve leading vertical and generalist online classifieds portals in Estonia, Latvia and Lithuania. BCG’s online classifieds portfolio comprises four business lines – automotive, real estate, jobs & services and generalist.

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