Baltic Classifieds Group (LON:BCG) Trading Down 15.3% – Time to Sell?

Baltic Classifieds Group PLC (LON:BCG)’s share 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 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BCG shares. JPMorgan Chase & Co. increased their price target on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised Baltic Classifieds Group to a “buy” rating and increased their target price for the company from GBX 366 to GBX 373 in a research note on Thursday, September 25th. Finally, Berenberg Bank reduced their price objective on 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 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.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 322.75.

Baltic Classifieds Group Trading Down 15.3%

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 firm has a 50-day moving average of GBX 275.32 and a 200-day moving average of GBX 323.46. The firm has a market capitalization of £891.80 million, a P/E ratio of 20.00, a price-to-earnings-growth 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.