Shares of LBG Media plc (LON:LBG – Get Free Report) fell 27% on Tuesday after Berenberg Bank lowered their price target on the stock from GBX 90 to GBX 45. Berenberg Bank currently has a buy rating on the stock. LBG Media traded as low as GBX 20.68 and last traded at GBX 25.32. 4,670,057 shares were traded during trading, an increase of 1,844% from the average session volume of 240,170 shares. The stock had previously closed at GBX 34.68.
LBG Media Stock Down 27.0%
The business has a fifty day simple moving average of GBX 44.28 and a two-hundred day simple moving average of GBX 67.59. The company has a current ratio of 3.27, a quick ratio of 5.33 and a debt-to-equity ratio of 3.88. The company has a market cap of £52.94 million, a PE ratio of 5.06 and a beta of 0.58.
LBG Media (LON:LBG – Get Free Report) last announced its quarterly earnings data on Tuesday, June 9th. The company reported GBX 0.60 earnings per share for the quarter. LBG Media had a return on equity of 13.81% and a net margin of 11.52%.The company had revenue of GBX 5,236 million for the quarter. As a group, equities research analysts predict that LBG Media plc will post 8.3434836 earnings per share for the current year.
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.
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