LBG Media (LON:LBG) Price Target Lowered to GBX 45 at Berenberg Bank

LBG Media (LON:LBG) had its target price dropped by equities researchers at Berenberg Bank from GBX 90 to GBX 45 in a note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 68.96% from the stock’s previous close.

LBG Media Trading Down 23.2%

Shares of LON:LBG opened at GBX 26.63 on Tuesday. LBG Media has a 12 month low of GBX 20.68 and a 12 month high of GBX 115.30. The company has a quick ratio of 5.33, a current ratio of 3.27 and a debt-to-equity ratio of 3.88. The company’s fifty day simple moving average is GBX 44.28 and its 200 day simple moving average is GBX 67.59. The firm has a market cap of £55.68 million, a price-to-earnings ratio of 5.33 and a beta of 0.58.

LBG Media (LON:LBG) last issued its quarterly earnings data on Tuesday, June 9th. The company reported GBX 0.60 EPS for the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. The business had revenue of GBX 5,236 million for the quarter. As a group, research analysts forecast that LBG Media will post 8.3434836 EPS for the current fiscal year.

About LBG Media

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.