Baltic Classifieds Group (LON:BCG) Hits New 1-Year Low – Here’s What Happened

Baltic Classifieds Group PLC (LON:BCG) shares hit a new 52-week low on Wednesday . The stock traded as low as GBX 2.29 and last traded at GBX 2.29, with a volume of 1041081 shares traded. The stock had previously closed at GBX 2.35.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BCG shares. JPMorgan Chase & Co. upped their price target on shares of Baltic Classifieds Group from GBX 158 to GBX 183 and gave the company an “underweight” rating in a research note on Monday, August 3rd. Berenberg Bank restated a “buy” rating and issued a GBX 270 target price on shares of Baltic Classifieds Group in a report on Friday, July 3rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 200 target price on shares of Baltic Classifieds Group in a report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Baltic Classifieds Group has an average rating of “Hold” and a consensus target price of GBX 256.50.

Baltic Classifieds Group Trading Down 2.6%

The stock has a market cap of £9.62 million, a PE ratio of 0.21, a PEG ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 24.77, a quick ratio of 2.36 and a current ratio of 1.70. The stock has a fifty day moving average price of GBX 159.13 and a 200 day moving average price of GBX 178.47.

Insiders Place Their Bets

In other news, insider Justinas Šimkus acquired 237,133 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of GBX 1 per share, for a total transaction of £2,371.33. 5.77% of the stock is owned by company insiders.

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.