JPMorgan Chase & Co. Boosts Baltic Classifieds Group (LON:BCG) Price Target to GBX 183

Baltic Classifieds Group (LON:BCG) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from GBX 158 to GBX 183 in a report released on Monday,London Stock Exchange reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 9.85% from the stock’s previous close.

Several other brokerages have also recently issued reports on BCG. Berenberg Bank restated a “buy” rating and set a GBX 270 price objective on shares of Baltic Classifieds Group in a research note on Friday, July 3rd. Jefferies Financial Group reiterated a “hold” rating and set a GBX 200 target price on shares of Baltic Classifieds Group in a research note on Thursday, July 2nd. Two investment 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 256.50.

Baltic Classifieds Group Price Performance

Shares of LON BCG opened at GBX 203 on Monday. Baltic Classifieds Group has a twelve month low of GBX 168 and a twelve month high of GBX 361.50. The company has a current ratio of 1.70, a quick ratio of 2.36 and a debt-to-equity ratio of 24.77. The company has a market capitalization of £868.13 million, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The business has a 50 day simple moving average of GBX 187.09 and a 200-day simple moving average of GBX 189.76.

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.