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

by · The Markets Daily

Baltic Classifieds Group PLC (LON:BCG – Get Free Report)’s stock price was down 15.3% during mid-day trading 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.

Analyst Ratings Changes

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

View Our Latest Report on BCG

Baltic Classifieds Group Stock Performance

The firm has a market cap 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 firm’s 50 day moving average is GBX 275.32 and its 200-day moving average is GBX 323.46. The company has a debt-to-equity ratio of 13.70, a quick ratio of 2.36 and a current ratio of 2.05.

About Baltic Classifieds Group

(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.

Recommended Stories