Baltic Classifieds Group (LON:BCG) Trading Down 15.3% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

BCG has been the topic of several analyst reports. Berenberg Bank dropped their target price on Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft raised Baltic Classifieds Group to a “buy” rating and lifted their price target for the stock from GBX 366 to GBX 373 in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. increased their price objective 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. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 322.75.

Baltic Classifieds Group Trading Down 4.3%

The stock has a fifty day simple moving average of GBX 273.09 and a 200 day simple moving average of GBX 322.51. 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 P/E ratio of 19.14, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43.

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.