LBG Media (LON:LBG) Shares Up 1.8% – Here’s What Happened

LBG Media plc (LON:LBG)’s share price was up 1.8% on Friday . The stock traded as high as GBX 34.20 and last traded at GBX 34.20. 281,425 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 301,310 shares. The stock had previously closed at GBX 33.60.

Analyst Ratings Changes

Separately, Berenberg Bank raised their price objective on LBG Media from GBX 45 to GBX 50 and gave the company a “buy” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 50.

LBG Media Stock Performance

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 has a market cap of £71.51 million, a PE ratio of 12.67 and a beta of 0.59. The business has a 50 day moving average price of GBX 31.75 and a two-hundred day moving average price of GBX 48.78.

LBG Media (LON:LBG) last issued its earnings results on Tuesday, June 9th. The company reported GBX 0.60 EPS 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 for the quarter. As a group, equities research analysts forecast that LBG Media plc will post 8.3434836 EPS for the current fiscal year.

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.