LBG Media (LON:LBG) Now Covered by Analysts at Canaccord Genuity Group

Analysts at Canaccord Genuity Group initiated coverage on shares of LBG Media (LON:LBG) in a research report issued to clients and investors on Tuesday,Digital Look reports. The firm set a “buy” rating and a GBX 50 price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 46.63% from the company’s previous close.

Separately, Berenberg Bank increased their price objective on LBG Media from GBX 45 to GBX 50 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 50.

LBG Media Trading Up 0.3%

Shares of LBG opened at GBX 34.10 on Tuesday. The business’s 50-day moving average price is GBX 31.75 and its 200 day moving average price is GBX 48.21. The stock has a market capitalization of £71.30 million, a P/E ratio of 12.63 and a beta of 0.59. LBG Media has a 1-year low of GBX 20.68 and a 1-year high of GBX 105. The company has a current ratio of 3.27, a quick ratio of 5.33 and a debt-to-equity ratio of 3.88.

LBG Media (LON:LBG) last announced its earnings results on Tuesday, June 9th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. The company had revenue of GBX 5,236 million for the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. Analysts expect that LBG Media 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.