Baltic Classifieds Group (LON:BCG) Stock Price Down 15.3% After Analyst Downgrade

Baltic Classifieds Group PLC (LON:BCG) traded down 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 changed hands during trading, an increase of 820% from the average session volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Several other equities analysts have also commented on BCG. Deutsche Bank Aktiengesellschaft raised Baltic Classifieds Group to a “buy” rating and raised their price objective for the company from GBX 366 to GBX 373 in a research report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a research report on Wednesday. Two 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 316.50.

Baltic Classifieds Group Trading Down 5.7%

The stock’s 50 day moving average is GBX 270.61 and its 200-day moving average is GBX 320.89. The company has a market cap of £840.98 million, a P/E ratio of 18.86, a PEG 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.

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.