Baltic Classifieds Group (LON:BCG) Trading Down 1% After Analyst Downgrade

Shares of Baltic Classifieds Group PLC (LON:BCG) traded down 1% during mid-day trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 413 to GBX 400. JPMorgan Chase & Co. currently has an overweight rating on the stock. Baltic Classifieds Group traded as low as GBX 296.50 ($3.99) and last traded at GBX 298 ($4.01). 182,511,453 shares traded hands during trading, an increase of 6,720% from the average session volume of 2,676,006 shares. The stock had previously closed at GBX 301 ($4.05).

BCG has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upgraded Baltic Classifieds Group to a “buy” rating and upped their price objective for the company from GBX 366 to GBX 373 in a research note on Thursday, September 25th. Berenberg Bank dropped their price objective on Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 350 price objective on shares of Baltic Classifieds Group in a research note on Thursday, July 3rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 370.75.

Baltic Classifieds Group Trading Down 1.0%

The firm has a market cap of £1.43 billion, a P/E ratio of 3,204.30, a PEG ratio of 1.62 and a beta of 1.43. The company has a debt-to-equity ratio of 13.70, a current ratio of 2.05 and a quick ratio of 2.36. The stock has a 50 day moving average of GBX 321.49 and a 200 day moving average of GBX 338.68.

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.