LBG Media (LON:LBG) Shares Up 11.4% – Time to Buy?

LBG Media plc (LON:LBG)’s stock price traded up 11.4% during mid-day trading on Friday. The company traded as high as GBX 30 and last traded at GBX 29.40. Approximately 14,748,948 shares changed hands during mid-day trading, an increase of 4,290% from the average daily volume of 335,978 shares. The stock had previously closed at GBX 26.40.

Analysts Set New Price Targets

Several research firms recently commented on LBG. 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 note on Wednesday, July 1st. Canaccord Genuity Group started coverage on LBG Media in a report on Tuesday, August 18th. They issued a “buy” rating and a GBX 50 price target for the company. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, LBG Media presently has a consensus rating of “Buy” and an average target price of GBX 50.

LBG Media Stock Performance

The company has a quick ratio of 5.33, a current ratio of 3.27 and a debt-to-equity ratio of 3.88. The firm has a 50-day moving average price of GBX 31.16 and a 200 day moving average price of GBX 36.53. The firm has a market capitalization of £61.47 million, a PE ratio of 10.89 and a beta of 0.58.

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.