LBG Media (LON:LBG) Stock Price Down 11% – Here’s What Happened

LBG Media plc (LON:LBG)’s share price was down 11% during mid-day trading on Wednesday . The company traded as low as GBX 61 and last traded at GBX 64.05. Approximately 113,502 shares were traded during mid-day trading, an increase of 87% from the average daily volume of 60,560 shares. The stock had previously closed at GBX 72.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 170 price objective on shares of LBG Media in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, LBG Media has an average rating of “Buy” and a consensus target price of GBX 170.

LBG Media Stock Up 10.2%

The firm has a 50-day moving average price of GBX 81.76 and a two-hundred day moving average price of GBX 89.61. The firm has a market cap of £139.67 million, a price-to-earnings ratio of 17.58 and a beta of 0.83. The company has a debt-to-equity ratio of 3.88, a quick ratio of 5.33 and a current ratio of 3.27.

LBG Media (LON:LBG) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 5.10 EPS for the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. On average, sell-side analysts forecast that LBG Media plc will post 8.3434836 earnings per share for the current year.

LBG Media Company Profile

LBG Media is a multi-brand, multi-channel digital youth publisher and is a leading disrupter in the digital media and social publishing sectors. The Group produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience (virtual and augmented reality). Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement.