LBG Media (LON:LBG) Shares Down 1.4% – Here’s Why

LBG Media plc (LON:LBG) dropped 1.4% during mid-day trading on Tuesday . The stock traded as low as GBX 89.50 and last traded at GBX 89.50. Approximately 36,396 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 148,912 shares. The stock had previously closed at GBX 90.80.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 170 price target on shares of LBG Media in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 170.

LBG Media Stock Performance

The firm’s fifty day simple moving average is GBX 94.28 and its 200 day simple moving average is GBX 95.56. The company has a market capitalization of £187.13 million, a PE ratio of 23.55 and a beta of 0.83. The company has a debt-to-equity ratio of 6.88, a current ratio of 2.43 and a quick ratio of 5.33.

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).