LBG Media’s (LBG) Buy Rating Reiterated at Canaccord Genuity Group

LBG Media (LON:LBG)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 50 price objective on the stock. Canaccord Genuity Group‘s price target suggests a potential upside of 59.74% from the company’s current price.

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

LBG Media Stock Performance

Shares of LON LBG opened at GBX 31.30 on Tuesday. The stock has a fifty day moving average price of GBX 31.11 and a two-hundred day moving average price of GBX 46.35. The company has a debt-to-equity ratio of 3.88, a quick ratio of 5.33 and a current ratio of 3.27. The firm has a market cap of £65.44 million, a P/E ratio of 11.59 and a beta of 0.58. LBG Media has a 1 year low of GBX 20.68 and a 1 year high of GBX 95.

About LBG Media

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.