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

Baltic Classifieds Group PLC (LON:BCG) traded down 15.3% during mid-day trading on Friday . 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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BCG. Berenberg Bank cut their price target on shares of 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. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a “buy” rating and boosted their price objective for the stock from GBX 366 to GBX 373 in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. raised their price target on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 322.75.

Baltic Classifieds Group Stock Performance

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 market cap of £853.45 million, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.62 and a beta of 1.43. The stock’s 50-day moving average is GBX 273.09 and its 200 day 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.