Baltic Classifieds Group (LON:BCG) Reaches New 52-Week Low – Here’s Why

Baltic Classifieds Group PLC (LON:BCG) shares reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as GBX 1.99 and last traded at GBX 2.04, with a volume of 743402 shares. The stock had previously closed at GBX 2.02.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BCG. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 price objective on shares of Baltic Classifieds Group in a research report on Friday, July 3rd. JPMorgan Chase & Co. increased their target price on Baltic Classifieds Group from GBX 158 to GBX 183 and gave the stock an “underweight” rating in a research report on Monday, August 3rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 200 price target on shares of Baltic Classifieds Group in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 217.67.

Baltic Classifieds Group Price Performance

The company has a quick ratio of 2.36, a current ratio of 1.70 and a debt-to-equity ratio of 24.77. The company has a market capitalization of £8.60 million, a PE ratio of 0.19, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The firm’s 50 day simple moving average is GBX 119.68 and its 200 day simple moving average is GBX 164.29.

Insider Activity

In other Baltic Classifieds Group news, insider Justinas Šimkus acquired 237,133 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of GBX 1 per share, for a total transaction of £2,371.33. Corporate insiders own 5.77% of the company’s stock.

About Baltic Classifieds Group

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.