LBG Media (LON:LBG) Hits New 52-Week Low – Here’s What Happened

LBG Media plc (LON:LBG) reached a new 52-week low on Thursday . The company traded as low as GBX 71 and last traded at GBX 74.20, with a volume of 162122 shares traded. The stock had previously closed at GBX 80.40.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 170 price objective on shares of LBG Media in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 170.

LBG Media Stock Down 7.7%

The company has a debt-to-equity ratio of 6.88, a current ratio of 2.43 and a quick ratio of 5.33. The stock has a market capitalization of £155.14 million, a price-to-earnings ratio of 19.53 and a beta of 0.83. The firm has a 50 day simple moving average of GBX 84.35 and a 200-day simple moving average of GBX 90.97.

LBG Media (LON:LBG) last released its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 5.10 earnings per share (EPS) for the quarter. LBG Media had a return on equity of 10.41% and a net margin of 8.55%. On average, sell-side analysts forecast that LBG Media plc will post 8.3434836 EPS for the current fiscal year.

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.