Baltic Classifieds Group (LON:BCG) Shares Down 18.1% on Analyst Downgrade

Shares of Baltic Classifieds Group PLC (LON:BCGGet Free Report) traded down 18.1% during trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 360 to GBX 335. Berenberg Bank currently has a buy rating on the stock. Baltic Classifieds Group traded as low as GBX 168 and last traded at GBX 179.70. 213,297,953 shares were traded during trading, an increase of 6,527% from the average session volume of 3,218,636 shares. The stock had previously closed at GBX 219.50.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a “buy” rating and upped their price target for the company from GBX 366 to GBX 373 in a report on Thursday, September 25th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 316.50.

Check Out Our Latest Report on Baltic Classifieds Group

Baltic Classifieds Group Price Performance

The company has a market cap of £840.98 million, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The company has a current ratio of 2.05, a quick ratio of 2.36 and a debt-to-equity ratio of 13.70. The company has a fifty day moving average price of GBX 270.61 and a two-hundred day moving average price of GBX 321.20.

Baltic Classifieds Group Company Profile

(Get Free Report)

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.

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