Baltic Classifieds Group (LON:BCG) Price Target Raised to GBX 183

Baltic Classifieds Group (LON:BCG) had its price target hoisted by JPMorgan Chase & Co. from GBX 158 to GBX 183 in a research note issued to investors on Monday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

BCG has been the topic of several other reports. Berenberg Bank restated a “buy” rating and set a GBX 270 price objective on shares of Baltic Classifieds Group in a research note on Friday, July 3rd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 200 price objective on shares of Baltic Classifieds Group in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 256.50.

Baltic Classifieds Group Stock Down 0.8%

Shares of LON:BCG opened at GBX 210.80 on Monday. The business’s 50 day moving average is GBX 188.54 and its 200 day moving average is GBX 190. Baltic Classifieds Group has a 12-month low of GBX 168 and a 12-month high of GBX 361.50. The stock has a market cap of £901.49 million, a price-to-earnings ratio of 19.70, a PEG ratio of 1.62 and a beta of 1.06. The company has a quick ratio of 2.36, a current ratio of 1.70 and a debt-to-equity ratio of 24.77.

Insider Activity at Baltic Classifieds Group

In other news, insider Justinas Šimkus bought 237,133 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of GBX 1 per share, with a total value of £2,371.33. 5.65% of the stock is currently owned by corporate insiders.

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. The portals are accessible through the websites of the Group’s various brands via desktop and mobile.