Baltic Classifieds Group (LON:BCG) Trading 0% Higher – Still a Buy?

Baltic Classifieds Group PLC (LON:BCG) traded up 0% during trading on Tuesday . The stock traded as high as GBX 210.40 and last traded at GBX 204.65. 75,378,063 shares were traded during trading, an increase of 672% from the average session volume of 9,764,011 shares. The stock had previously closed at GBX 204.60.

Wall Street Analysts Forecast Growth

BCG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Baltic Classifieds Group from GBX 158 to GBX 183 and gave the stock an “underweight” rating in a report on Monday, August 3rd. Jefferies Financial Group reissued a “hold” rating and set a GBX 200 price objective on shares of Baltic Classifieds Group in a research report on Thursday, July 2nd. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 270 target price on shares of Baltic Classifieds Group in a research note on Friday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Baltic Classifieds Group presently has a consensus rating of “Hold” and a consensus price target of GBX 256.50.

Baltic Classifieds Group Stock Performance

The company has a quick ratio of 2.36, a current ratio of 1.70 and a debt-to-equity ratio of 24.77. The company has a 50-day moving average of GBX 194.30 and a 200-day moving average of GBX 190.48. The company has a market cap of £893.84 million, a PE ratio of 19.88, a PEG ratio of 1.62 and a beta of 1.06.

Insider Buying and Selling at Baltic Classifieds Group

In other news, insider Justinas Šimkus purchased 237,133 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of GBX 1 per share, with a total value of £2,371.33. 5.77% of the stock is owned by insiders.

Baltic Classifieds Group Company Profile

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.