Baltic Classifieds Group (LON:BCG) Stock Price Up 1% – Here’s Why

Baltic Classifieds Group PLC (LON:BCG) shares shot up 1% during trading on Wednesday . The stock traded as high as GBX 185.40 and last traded at GBX 183.60. 1,717,068 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 10,123,709 shares. The stock had previously closed at GBX 181.80.

Analyst Ratings Changes

BCG has been the subject of a number of recent analyst reports. Berenberg Bank decreased their price target on shares of Baltic Classifieds Group from GBX 360 to GBX 335 and set a “buy” rating for the company in a report on Thursday, December 4th. JPMorgan Chase & Co. increased their target price on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 316.50.

Baltic Classifieds Group Trading Up 1.0%

The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70. The business’s fifty day moving average is GBX 197.17 and its two-hundred day moving average is GBX 260.07. The firm has a market cap of £861.35 million, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43.

Insider Activity

In related news, insider Edmund Williams purchased 222,326 shares of Baltic Classifieds Group stock in a transaction dated Friday, December 5th. The stock was bought at an average price of GBX 180 per share, for a total transaction of £400,186.80. In the last three months, insiders purchased 433,421 shares of company stock valued at $79,915,635. 5.14% of the stock is currently owned by insiders.

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. The portals are accessible through the websites of the Group’s various brands via desktop and mobile.