Baltic Classifieds Group (LON:BCG) Shares Down 15.3% – Here’s Why

Baltic Classifieds Group PLC (LON:BCG)’s stock price dropped 15.3% on Thursday . The stock traded as low as GBX 168 and last traded at GBX 186. Approximately 22,166,805 shares traded hands during mid-day trading, an increase of 820% from the average daily volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Wall Street Analyst Weigh In

BCG has been the topic of several analyst reports. Berenberg Bank dropped their price target on shares of Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a “buy” rating and boosted their price objective for the stock from GBX 366 to GBX 373 in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Baltic Classifieds Group has an average rating of “Hold” and a consensus price target of GBX 322.75.

Baltic Classifieds Group Stock Down 15.3%

The firm has a market cap of £891.80 million, a P/E ratio of 20.00, a P/E/G ratio of 1.62 and a beta of 1.43. The firm’s fifty day moving average is GBX 275.32 and its 200 day moving average is GBX 323.46. The company has a debt-to-equity ratio of 13.70, a quick ratio of 2.36 and a current ratio of 2.05.

About Baltic Classifieds Group

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.