JPMorgan Chase & Co. Has Lowered Expectations for Baltic Classifieds Group (LON:BCG) Stock Price

Baltic Classifieds Group (LON:BCG) had its price target reduced by investment analysts at JPMorgan Chase & Co. from GBX 177 to GBX 161 in a note issued to investors on Monday,London Stock Exchange reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 11.15% from the stock’s previous close.

A number of other brokerages have also weighed in on BCG. Jefferies Financial Group restated a “hold” rating and set a GBX 200 price objective on shares of Baltic Classifieds Group in a research report on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 price objective on shares of Baltic Classifieds Group in a report on Friday. Two investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 251.

Baltic Classifieds Group Trading Up 4.7%

Baltic Classifieds Group stock opened at GBX 181.20 on Monday. Baltic Classifieds Group has a 1 year low of GBX 168 and a 1 year high of GBX 380. The firm’s 50 day moving average price is GBX 189.61 and its 200-day moving average price is GBX 191.70. The company has a debt-to-equity ratio of 24.77, a current ratio of 1.70 and a quick ratio of 2.36. The stock has a market cap of £792.16 million, a P/E ratio of 16.93, a PEG ratio of 1.62 and a beta of 1.06.

Insiders Place Their Bets

In related news, insider Edmund Williams purchased 38,791 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average cost of GBX 192 per share, for a total transaction of £74,478.72. Insiders own 5.55% of the company’s stock.

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. The portals are accessible through the websites of the Group’s various brands via desktop and mobile.