Baltic Classifieds Group (LON:BCG) Trading Down 15.3% Following Analyst Downgrade

Baltic Classifieds Group PLC (LON:BCG)’s stock price traded down 15.3% during mid-day trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 360 to GBX 335. Berenberg Bank currently has a buy rating on the stock. Baltic Classifieds Group traded as low as GBX 168 and last traded at GBX 186. 22,166,805 shares were traded during mid-day trading, an increase of 820% from the average session volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

BCG has been the subject of several other reports. 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. Deutsche Bank Aktiengesellschaft upgraded Baltic Classifieds Group to a “buy” rating and upped their target price for the stock from GBX 366 to GBX 373 in a research note on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Baltic Classifieds Group has a consensus rating of “Hold” and an average target price of GBX 316.50.

Baltic Classifieds Group Stock Down 5.7%

The firm has a market capitalization of £840.98 million, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.62 and a beta of 1.43. The stock has a fifty day moving average of GBX 270.61 and a two-hundred day moving average of GBX 320.89. The company has a debt-to-equity ratio of 13.70, a current ratio of 2.05 and a quick ratio of 2.36.

Baltic Classifieds Group Company Profile

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.