Baltic Classifieds Group (LON:BCG) Stock Price Up 0.7% – Should You Buy?

Baltic Classifieds Group PLC (LON:BCG) was up 0.7% during trading on Thursday . The company traded as high as GBX 192.40 and last traded at GBX 189. Approximately 421,664 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 7,835,267 shares. The stock had previously closed at GBX 187.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Berenberg Bank dropped their target price on Baltic Classifieds Group from GBX 360 to GBX 335 and set a “buy” rating for the company in a report on Thursday, December 4th. JPMorgan Chase & Co. raised their price target on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 316.50.

Baltic Classifieds Group Trading Up 0.7%

The firm has a market capitalization of £876.58 million, a P/E ratio of 18.35, a PEG ratio of 1.62 and a beta of 1.21. The company has a quick ratio of 2.36, a current ratio of 0.98 and a debt-to-equity ratio of 4.64. The firm has a 50 day moving average of GBX 192.45 and a 200-day moving average of GBX 243.02.

About Baltic Classifieds Group

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.