LBG Media (LON:LBG) Hits New 1-Year Low – Here’s What Happened

LBG Media plc (LON:LBG) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 79.94 and last traded at GBX 82.12, with a volume of 12884 shares trading hands. The stock had previously closed at GBX 84.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 170 target price on shares of LBG Media in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, LBG Media presently has an average rating of “Buy” and an average price target of GBX 170.

LBG Media Stock Performance

The company has a current ratio of 2.43, a quick ratio of 5.33 and a debt-to-equity ratio of 6.88. The stock has a market cap of £171.70 million, a price-to-earnings ratio of 21.61 and a beta of 0.83. The stock’s 50 day moving average is GBX 89.29 and its two-hundred day moving average is GBX 94.74.

About LBG Media

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.