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

Baltic Classifieds Group PLC (LON:BCG)’s share price dropped 15.3% during trading on Thursday . The stock traded as low as GBX 168 and last traded at GBX 186. Approximately 22,166,805 shares changed hands 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

BCG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Baltic Classifieds Group to a “buy” rating and upped their price objective for the stock from GBX 366 to GBX 373 in a research note on Thursday, September 25th. Berenberg Bank lowered their price target on shares of Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Baltic Classifieds Group presently has an average rating of “Hold” and a consensus target price of GBX 322.75.

Baltic Classifieds Group Price Performance

The stock has a 50-day moving average price of GBX 273.09 and a two-hundred day moving average price of GBX 322.51. The company has a current ratio of 2.05, a quick ratio of 2.36 and a debt-to-equity ratio of 13.70. The stock has a market cap of £891.80 million, a price-to-earnings ratio of 20.00, 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.