Baltic Classifieds Group (LON:BCG) Stock Price Down 15.3% – Should You Sell?

Baltic Classifieds Group PLC (LON:BCG)’s share price fell 15.3% during mid-day trading on Thursday . The company traded as low as GBX 168 and last traded at GBX 186. 22,166,805 shares changed hands during mid-day trading, an increase of 820% from the average session volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Baltic Classifieds Group to a “buy” rating and increased their price objective for the company from GBX 366 to GBX 373 in a report on Thursday, September 25th. Finally, Berenberg Bank lowered their price objective on Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 322.75.

Baltic Classifieds Group Price Performance

The company has a debt-to-equity ratio of 13.70, a quick ratio of 2.36 and a current ratio of 2.05. The firm has a market cap of £853.45 million, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The stock’s 50 day simple moving average is GBX 273.09 and its 200-day simple moving average is GBX 322.51.

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.