Baltic Classifieds Group (LON:BCG) Stock Price Up 0% – Here’s Why

Baltic Classifieds Group PLC (LON:BCG) shares rose 0% during trading on Tuesday . The company traded as high as GBX 210.40 and last traded at GBX 204.65. 75,378,063 shares traded hands during mid-day trading, an increase of 672% from the average daily volume of 9,764,011 shares. The stock had previously closed at GBX 204.60.

Wall Street Analysts Forecast Growth

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

Baltic Classifieds Group Stock Performance

The firm has a market cap of £859.78 million, a P/E ratio of 19.13, a P/E/G ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 24.77, a quick ratio of 2.36 and a current ratio of 1.70. The company’s 50 day moving average is GBX 193.93 and its 200 day moving average is GBX 190.30.

Insider Activity

In related news, insider Justinas Šimkus purchased 237,133 shares of the stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of GBX 1 per share, for a total transaction of £2,371.33. Company insiders own 5.77% of the company’s stock.

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.