Berenberg Bank Reaffirms “Buy” Rating for Baltic Classifieds Group (LON:BCG)

Baltic Classifieds Group (LON:BCG – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a report released on Friday,London Stock Exchange reports. They currently have a GBX 270 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 49.54% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 200 price objective on shares of Baltic Classifieds Group in a research note on Thursday. JPMorgan Chase & Co. cut their target price on shares of Baltic Classifieds Group from GBX 178 to GBX 177 and set an “underweight” rating on the stock in a research note on Tuesday, June 16th. Two research 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 data from MarketBeat.com, Baltic Classifieds Group has a consensus rating of “Hold” and an average price target of GBX 255.

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Baltic Classifieds Group Trading Down 4.4%

Shares of LON BCG opened at GBX 180.56 on Friday. Baltic Classifieds Group has a 12 month low of GBX 168 and a 12 month high of GBX 380. The company has a market cap of £789.35 million, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.62 and a beta of 1.06. The company has a quick ratio of 2.36, a current ratio of 0.98 and a debt-to-equity ratio of 4.64. The business has a fifty day simple moving average of GBX 190.19 and a 200-day simple moving average of GBX 191.84.

Insider Buying and Selling

In other news, insider Edmund Williams purchased 51,724 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of GBX 192 per share, with a total value of £99,310.08. 5.55% of the stock is owned by company insiders.

About Baltic Classifieds Group

(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. The portals are accessible through the websites of the Group’s various brands via desktop and mobile.

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