LBG Media (LON:LBG) Sets New 12-Month Low – Here’s Why

LBG Media plc (LON:LBG)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 79 and last traded at GBX 80.45, with a volume of 21253 shares traded. The stock had previously closed at GBX 83.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 170 target price on shares of LBG Media in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 170.

LBG Media Trading Down 3.1%

The stock has a market capitalization of £168.20 million, a P/E ratio of 21.17 and a beta of 0.83. The company has a current ratio of 2.43, a quick ratio of 5.33 and a debt-to-equity ratio of 6.88. The business has a 50-day moving average price of GBX 88.45 and a two-hundred day moving average price of GBX 93.85.

About LBG Media

LBG Media is a multi-brand, multi-channel digital youth publisher and is a leading disrupter in the digital media and social publishing sectors. The Group produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience (virtual and augmented reality). Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement.