LBG Media (LON:LBG) Reaches New 12-Month Low – Here’s What Happened

LBG Media plc (LON:LBG) hit a new 52-week low on Monday . The company traded as low as GBX 31.10 and last traded at GBX 34, with a volume of 2120817 shares traded. The stock had previously closed at GBX 35.90.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price target on shares of LBG Media from GBX 170 to GBX 90 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, LBG Media currently has a consensus rating of “Buy” and a consensus target price of GBX 90.

LBG Media Stock Down 5.3%

The firm has a market capitalization of £71.09 million, a P/E ratio of 6.80 and a beta of 0.59. The firm’s 50-day moving average is GBX 44.78 and its 200 day moving average is GBX 68. The company has a debt-to-equity ratio of 3.88, a quick ratio of 5.33 and a current ratio of 3.27.

LBG Media Company Profile

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.