LBG Media (LON:LBG) Stock Price Up 5.8% – Still a Buy?

LBG Media plc (LON:LBG)’s stock price rose 5.8% during trading on Wednesday . The stock traded as high as GBX 32.80 and last traded at GBX 32.80. 44,451 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 306,174 shares. The stock had previously closed at GBX 31.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their target price on LBG Media from GBX 45 to GBX 50 and gave the company a “buy” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 50.

LBG Media Stock Up 5.8%

The firm has a market capitalization of £68.58 million, a P/E ratio of 12.15 and a beta of 0.58. The firm’s 50 day moving average is GBX 32.47 and its two-hundred day moving average is GBX 54.24. The company has a debt-to-equity ratio of 3.88, a current ratio of 3.27 and a quick ratio of 5.33.

LBG Media (LON:LBG) last posted its quarterly earnings results on Tuesday, June 9th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. The firm had revenue of GBX 5,236 million for the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. Research analysts predict that LBG Media plc will post 8.3434836 EPS 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.