Baltic Classifieds Group (LON:BCG) Sets New 12-Month Low – Here’s What Happened

Baltic Classifieds Group PLC (LON:BCGGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 2.36 and last traded at GBX 2.70, with a volume of 179816031 shares trading hands. The stock had previously closed at GBX 209.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Berenberg Bank restated a “buy” rating and set a GBX 270 price target on shares of Baltic Classifieds Group in a research note on Friday, July 3rd. JPMorgan Chase & Co. boosted their target price on shares of Baltic Classifieds Group from GBX 158 to GBX 183 and gave the stock an “underweight” rating in a research report on Monday, August 3rd. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 200 price target on shares of Baltic Classifieds Group in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Baltic Classifieds Group has an average rating of “Hold” and a consensus price target of GBX 256.50.

Read Our Latest Report on Baltic Classifieds Group

Baltic Classifieds Group Trading Down 98.7%

The company has a debt-to-equity ratio of 24.77, a quick ratio of 2.36 and a current ratio of 1.70. The company has a 50 day simple moving average of GBX 196.02 and a two-hundred day simple moving average of GBX 191.21. The firm has a market cap of £11.34 million, a PE ratio of 0.25, a P/E/G ratio of 1.62 and a beta of 1.06.

Insiders Place Their Bets

In other Baltic Classifieds Group news, insider Justinas Šimkus purchased 237,133 shares of Baltic Classifieds Group stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of GBX 1 per share, with a total value of £2,371.33. Company insiders own 5.77% of the company’s stock.

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.

Further Reading

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