Baltic Classifieds Group (LON:BCG) Shares Down 17.6% After Analyst Downgrade

Shares of Baltic Classifieds Group PLC (LON:BCG) fell 17.6% during trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 360 to GBX 335. Berenberg Bank currently has a buy rating on the stock. Baltic Classifieds Group traded as low as GBX 168 and last traded at GBX 180.80. 211,280,203 shares traded hands during mid-day trading, an increase of 6,482% from the average session volume of 3,210,086 shares. The stock had previously closed at GBX 219.50.

A number of other analysts have also recently commented on BCG. Deutsche Bank Aktiengesellschaft raised Baltic Classifieds Group to a “buy” rating and boosted their price target for the company from GBX 366 to GBX 373 in a report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price target 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 analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 316.50.

Baltic Classifieds Group Stock Down 5.7%

The company has a debt-to-equity ratio of 13.70, a quick ratio of 2.36 and a current ratio of 2.05. The firm has a market capitalization of £840.98 million, a P/E ratio of 18.86, a PEG ratio of 1.62 and a beta of 1.43. The business’s fifty day moving average price is GBX 270.61 and its two-hundred day moving average price is GBX 321.20.

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.