Berenberg Bank Issues Pessimistic Forecast for Baltic Classifieds Group (LON:BCG) Stock Price

Baltic Classifieds Group (LON:BCG) had its price target decreased by investment analysts at Berenberg Bank from GBX 395 to GBX 360 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 21.01% from the stock’s previous close.

A number of other research firms have also commented on BCG. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a “buy” rating and raised their price objective for the company from GBX 366 to GBX 373 in a research note on Thursday. Peel Hunt reissued a “hold” rating and issued a GBX 350 price objective on shares of Baltic Classifieds Group in a research note on Thursday, July 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Baltic Classifieds Group currently has an average rating of “Moderate Buy” and an average price target of GBX 361.

Baltic Classifieds Group Stock Down 0.8%

Baltic Classifieds Group stock opened at GBX 297.50 on Wednesday. Baltic Classifieds Group has a 52 week low of GBX 265 and a 52 week high of GBX 403. The stock has a market cap of £1.43 billion, a price-to-earnings ratio of 3,198.92, a PEG ratio of 1.62 and a beta of 1.43. The company’s 50-day moving average price is GBX 338.40 and its two-hundred day moving average price is GBX 339.64. The company has a current ratio of 2.05, a quick ratio of 2.36 and a debt-to-equity ratio of 13.70.

Baltic Classifieds Group Company Profile

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.