Baltic Classifieds Group (LON:BCG) Hits New 12-Month Low – Here’s What Happened

Baltic Classifieds Group PLC (LON:BCG)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as GBX 1.99 and last traded at GBX 2.04, with a volume of 743402 shares traded. The stock had previously closed at GBX 2.02.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BCG. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 200 price objective on shares of Baltic Classifieds Group in a research note on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on shares of Baltic Classifieds Group from GBX 158 to GBX 183 and gave the stock an “underweight” rating in a research report on Monday, August 3rd. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 270 target price on shares of Baltic Classifieds Group in a report on Friday, July 3rd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Baltic Classifieds Group presently has a consensus rating of “Hold” and an average target price of GBX 217.67.

Baltic Classifieds Group Stock Up 0.9%

The firm has a market capitalization of £8.57 million, a PE ratio of 0.19, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The company has a current ratio of 1.70, a quick ratio of 2.36 and a debt-to-equity ratio of 24.77. The firm has a 50-day moving average of GBX 127.03 and a two-hundred day moving average of GBX 166.91.

Insider Buying and Selling

In other news, insider Justinas Šimkus acquired 237,133 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of GBX 1 per share, for a total transaction of £2,371.33. 5.77% of the stock is 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.