Baltic Classifieds Group (LON:BCG) Trading Down 15.3% – Time to Sell?

Baltic Classifieds Group PLC (LON:BCG)’s stock price traded down 15.3% during mid-day trading on Thursday . The stock traded as low as GBX 168 and last traded at GBX 186. 22,166,805 shares traded hands during mid-day trading, an increase of 820% from the average session volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Wall Street Analysts Forecast Growth

BCG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Baltic Classifieds Group to a “buy” rating and increased their price objective for the company from GBX 366 to GBX 373 in a research report on Thursday, September 25th. JPMorgan Chase & Co. upped their price objective 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. Finally, Berenberg Bank cut their price target on shares of Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Baltic Classifieds Group presently has an average rating of “Hold” and a consensus price target of GBX 322.75.

Baltic Classifieds Group Stock Down 15.3%

The company has a debt-to-equity ratio of 13.70, a quick ratio of 2.36 and a current ratio of 2.05. The stock’s 50-day moving average price is GBX 275.32 and its two-hundred day moving average price is GBX 323.46. The stock has a market capitalization of £891.80 million, a PE ratio of 20.00, a P/E/G ratio of 1.62 and a beta of 1.43.

Baltic Classifieds Group Company Profile

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.