LBG Media plc (LON:LBG – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 31.10 and last traded at GBX 34, with a volume of 2120817 shares trading hands. The stock had previously closed at GBX 35.90.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reduced their price objective on shares of LBG Media from GBX 170 to GBX 90 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 90.
Get Our Latest Research Report on LBG Media
LBG Media Stock Down 5.3%
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.
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