Baltic Classifieds Group (LON:BCG) Stock Price Up 3.7% – Still a Buy?

Baltic Classifieds Group PLC (LON:BCG)’s share price was up 3.7% during trading on Wednesday. The company traded as high as GBX 2.59 and last traded at GBX 2.58. 318,165 shares were traded during trading, a decline of 97% from the average session volume of 9,915,120 shares. The stock had previously closed at GBX 2.49.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their target price 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. One equities research 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 217.67.

Baltic Classifieds Group Price Performance

The company has a fifty day simple moving average of GBX 2.30 and a two-hundred day simple moving average of GBX 143.40. 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 company has a market capitalization of £10.81 million, a price-to-earnings ratio of 0.24, a P/E/G ratio of 1.62 and a beta of 1.06.

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.