Baltic Classifieds Group (LON:BCG) Shares Down 15.3% – Time to Sell?

Baltic Classifieds Group PLC (LON:BCG) shares fell 15.3% during trading on Thursday . The company 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.

Wall Street Analyst Weigh In

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

Baltic Classifieds Group Price Performance

The firm has a 50-day simple moving average of GBX 275.32 and a 200-day simple moving average of GBX 323.46. 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 debt-to-equity ratio of 13.70, a current ratio of 2.05 and a quick ratio of 2.36.

Baltic Classifieds Group Company Profile

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.