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

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

Analysts Set New Price Targets

A number of analysts have recently commented on BCG shares. Berenberg Bank lowered their target price on Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. JPMorgan Chase & Co. boosted their price target on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upgraded Baltic Classifieds Group to a “buy” rating and upped their price objective for the stock from GBX 366 to GBX 373 in a research report on Thursday, September 25th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 322.75.

Baltic Classifieds Group Price Performance

The firm has a market capitalization of £891.80 million, a PE ratio of 20.00, a PEG ratio of 1.62 and a beta of 1.43. The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70. The stock has a 50-day moving average price of GBX 275.32 and a 200 day moving average price of GBX 323.46.

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.