Baltic Classifieds Group (LON:BCG) Shares Down 15.3% Following Analyst Downgrade

Baltic Classifieds Group PLC (LON:BCG) shares fell 15.3% on Thursday after Berenberg Bank lowered their price target on the stock from GBX 360 to GBX 335. Berenberg Bank currently has a buy rating on the stock. Baltic Classifieds Group traded as low as GBX 168 and last traded at GBX 186. 22,166,805 shares traded hands during mid-day trading, an increase of 820% from the average session volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

BCG has been the topic of several other research reports. JPMorgan Chase & Co. upped their price target on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised Baltic Classifieds Group to a “buy” rating and boosted their target price for the stock from GBX 366 to GBX 373 in a report on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 316.50.

Baltic Classifieds Group Stock Performance

The company has a market capitalization of £840.98 million, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The company has a current ratio of 2.05, a quick ratio of 2.36 and a debt-to-equity ratio of 13.70. The business’s fifty day moving average is GBX 270.61 and its two-hundred day moving average is GBX 321.20.

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.