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

Shares of Baltic Classifieds Group PLC (LON:BCG) 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 were traded 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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BCG. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a “buy” rating and raised their target price for the company from GBX 366 to GBX 373 in a research note on Thursday, September 25th. Berenberg Bank cut their price objective on Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Finally, JPMorgan Chase & Co. increased their price target on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a research note on Wednesday. Two investment 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 322.75.

Baltic Classifieds Group Stock Performance

The stock has a 50 day moving average of GBX 275.32 and a 200 day moving average of GBX 323.46. 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 firm has a market cap of £891.80 million, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.62 and a beta of 1.43.

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.