LBG Media (LON:LBG) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

LBG Media (LON:LBG)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 50 price objective on the stock. Berenberg Bank‘s price objective would indicate a potential upside of 59.74% from the company’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 50 price objective on shares of LBG Media in a report on Tuesday. Two analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 50.

LBG Media Stock Down 5.2%

Shares of LON LBG opened at GBX 31.30 on Wednesday. The stock’s fifty day moving average is GBX 31.05 and its 200 day moving average is GBX 46.09. LBG Media has a 52 week low of GBX 20.68 and a 52 week high of GBX 95. The company has a debt-to-equity ratio of 3.88, a quick ratio of 5.33 and a current ratio of 3.27. The stock has a market capitalization of £65.44 million, a P/E ratio of 11.59 and a beta of 0.58.

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.