LBG Media (LON:LBG) Price Target Raised to GBX 50 at Berenberg Bank

LBG Media (LON:LBG) had its target price raised by stock analysts at Berenberg Bank from GBX 45 to GBX 50 in a report issued on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 56.25% from the stock’s previous close.

LBG Media Trading Down 3.0%

LON LBG opened at GBX 32 on Wednesday. The firm has a market cap of £66.91 million, a P/E ratio of 6.40 and a beta of 0.57. The company has a debt-to-equity ratio of 3.88, a current ratio of 3.27 and a quick ratio of 5.33. The stock’s 50-day moving average is GBX 35.52 and its 200-day moving average is GBX 60.54. LBG Media has a one year low of GBX 20.68 and a one year high of GBX 107.

LBG Media (LON:LBG) last released its quarterly earnings results on Tuesday, June 9th. The company reported GBX 0.60 earnings per share for the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. The company had revenue of GBX 5,236 million during the quarter. Sell-side analysts anticipate that LBG Media will post 8.3434836 earnings per share for the current fiscal year.

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.