Baltic Classifieds Group (LON:BCG) Trading 1% Higher – Time to Buy?

Shares of Baltic Classifieds Group PLC (LON:BCGGet Free Report) traded up 1% during mid-day trading on Tuesday . The company traded as high as GBX 195.40 and last traded at GBX 189.80. 2,124,522 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 9,576,675 shares. The stock had previously closed at GBX 187.83.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Baltic Classifieds Group from GBX 182 to GBX 178 and set an “underweight” rating on the stock in a research note on Tuesday, April 21st. Two 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 309.

Check Out Our Latest Research Report on Baltic Classifieds Group

Baltic Classifieds Group Trading Down 0.5%

The stock has a market capitalization of £841.54 million, a P/E ratio of 18.36, a PEG ratio of 1.62 and a beta of 1.08. The company has a debt-to-equity ratio of 4.64, a current ratio of 0.98 and a quick ratio of 2.36. The business’s 50 day simple moving average is GBX 190.97 and its 200-day simple moving average is GBX 200.85.

Insider Transactions at Baltic Classifieds Group

In other news, insider Edmund Williams purchased 51,724 shares of Baltic Classifieds Group stock in a transaction dated Monday, April 27th. The shares were bought at an average cost of GBX 192 per share, with a total value of £99,310.08. Insiders own 5.24% of the company’s stock.

About Baltic Classifieds Group

(Get Free Report)

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. The portals are accessible through the websites of the Group’s various brands via desktop and mobile.

Further Reading

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