LBG Media (LON:LBG) Trading Down 10.5% on Analyst Downgrade
by Tristan Rich · The Markets DailyLBG Media plc (LON:LBG – Get Free Report)’s share price was down 10.5% on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 170 to GBX 90. Berenberg Bank currently has a buy rating on the stock. LBG Media traded as low as GBX 45.30 and last traded at GBX 48.37. Approximately 154,911 shares changed hands during mid-day trading, an increase of 92% from the average daily volume of 80,799 shares. The stock had previously closed at GBX 54.07.
LBG Media Trading Down 0.5%
The stock has a market capitalization of £87.59 million, a P/E ratio of 8.38 and a beta of 0.79. 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 business’s 50 day simple moving average is GBX 62.57 and its 200-day simple moving average is GBX 79.54.
LBG Media (LON:LBG – Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 5.10 earnings per share for the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. As a group, analysts forecast that LBG Media plc will post 8.3434836 EPS 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.