Baltic Classifieds Group (LON:BCG) Hits New 52-Week Low – What’s Next?

Baltic Classifieds Group PLC (LON:BCG)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 2.36 and last traded at GBX 2.70, with a volume of 179816031 shares changing hands. The stock had previously closed at GBX 209.20.

Analyst Ratings Changes

A number of research firms have weighed in on BCG. Berenberg Bank reiterated a “buy” rating and set a GBX 270 price objective on shares of Baltic Classifieds Group in a research note on Friday, July 3rd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 200 target price on shares of Baltic Classifieds Group in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Baltic Classifieds Group from GBX 158 to GBX 183 and gave the company an “underweight” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 256.50.

Baltic Classifieds Group Price Performance

The firm has a market capitalization of £11.34 million, a PE ratio of 0.25, a PEG ratio of 1.62 and a beta of 1.06. The stock has a 50-day moving average price of GBX 196.02 and a 200 day moving average price of GBX 191.21. The company has a quick ratio of 2.36, a current ratio of 1.70 and a debt-to-equity ratio of 24.77.

Insider Transactions at Baltic Classifieds Group

In related news, insider Justinas Šimkus bought 237,133 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of GBX 1 per share, for a total transaction of £2,371.33. 5.77% of the stock is currently owned by insiders.

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