LBG Media (LON:LBG) Sets New 52-Week Low After Analyst Downgrade

LBG Media plc (LON:LBG)’s share price hit a new 52-week low during mid-day trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 170 to GBX 90. Berenberg Bank currently has a buy rating on the stock. LBG Media traded as low as GBX 41 and last traded at GBX 42.10, with a volume of 1664687 shares. The stock had previously closed at GBX 45.

LBG Media Price Performance

The stock’s 50-day moving average is GBX 62.57 and its 200 day moving average is GBX 79.54. The stock has a market capitalization of £88.02 million, a PE ratio of 8.42 and a beta of 0.79. The company has a quick ratio of 5.33, a current ratio of 3.27 and a debt-to-equity ratio of 3.88.

LBG Media (LON:LBG) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported GBX 5.10 EPS for the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. As a group, equities analysts predict that LBG Media plc will post 8.3434836 earnings per share for the current year.

LBG Media Company Profile

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). Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement.