Baltic Classifieds Group (LON:BCG) Reaches New 1-Year Low – What’s Next?

Baltic Classifieds Group PLC (LON:BCG) shares hit a new 52-week low on Wednesday . The stock traded as low as GBX 2.29 and last traded at GBX 2.29, with a volume of 1041081 shares changing hands. The stock had previously closed at GBX 2.35.

Analysts Set New Price Targets

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

Baltic Classifieds Group Stock Performance

The business’s fifty day moving average price is GBX 152.13 and its 200-day moving average price is GBX 175.90. 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 stock has a market cap of £9.47 million, a PE ratio of 0.21, a P/E/G ratio of 1.62 and a beta of 1.06.

Insiders Place Their Bets

In related news, insider Justinas Šimkus acquired 237,133 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average price of GBX 1 per share, for a total transaction of £2,371.33. 5.77% of the stock is currently owned by company insiders.

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.