Baltic Classifieds Group (LON:BCG) Shares Down 18.1% – Should You Sell?

Shares of Baltic Classifieds Group PLC (LON:BCG) traded down 18.1% during trading on Thursday . The stock traded as low as GBX 168 and last traded at GBX 179.70. 213,297,953 shares traded hands during trading, an increase of 6,527% from the average session volume of 3,218,636 shares. The stock had previously closed at GBX 219.50.

Analyst Upgrades and Downgrades

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

Baltic Classifieds Group Stock Performance

The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70. The firm has a 50-day moving average of GBX 275.32 and a 200 day moving average of GBX 323.46. The stock has a market capitalization of £867.83 million, a P/E ratio of 19.46, a PEG ratio of 1.62 and a beta of 1.43.

About Baltic Classifieds Group

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.