Baltic Classifieds Group (LON:BCG) Trading Down 16.8% on Analyst Downgrade

Baltic Classifieds Group PLC (LON:BCG) fell 16.8% during mid-day trading 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 182.60. 212,812,719 shares changed hands during trading, an increase of 6,516% from the average session volume of 3,216,580 shares. The stock had previously closed at GBX 219.50.

Other equities research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft upgraded Baltic Classifieds Group to a “buy” rating and upped their price target for the company from GBX 366 to GBX 373 in a research report on Thursday, September 25th. JPMorgan Chase & Co. upped their target price on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 316.50.

Baltic Classifieds Group Stock Down 5.7%

The firm has a 50-day moving average of GBX 270.61 and a two-hundred day moving average of GBX 321.20. The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70. 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.

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.