Canaccord Genuity Group Begins Coverage on LBG Media (LON:LBG)

Stock analysts at Canaccord Genuity Group began coverage on shares of LBG Media (LON:LBG) in a research note issued to investors on Tuesday,Digital Look reports. The brokerage set a “buy” rating and a GBX 50 price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 46.63% from the stock’s previous close.

Separately, Berenberg Bank increased their price objective on LBG Media from GBX 45 to GBX 50 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 50.

LBG Media Stock Performance

LBG Media stock opened at GBX 34.10 on Tuesday. The company has a debt-to-equity ratio of 3.88, a current ratio of 3.27 and a quick ratio of 5.33. The stock has a fifty day moving average price of GBX 31.75 and a two-hundred day moving average price of GBX 48.21. LBG Media has a 52-week low of GBX 20.68 and a 52-week high of GBX 105. The firm has a market capitalization of £71.30 million, a P/E ratio of 12.63 and a beta of 0.59.

LBG Media (LON:LBG) last posted its earnings results on Tuesday, June 9th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. The company had revenue of GBX 5,236 million during the quarter. As a group, analysts anticipate that LBG Media will post 8.3434836 EPS for the current fiscal year.

LBG Media Company Profile

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.