LBG Media (LON:LBG) Price Target Lowered to GBX 120 at Berenberg Bank

LBG Media (LON:LBG) had its price target cut by research analysts at Berenberg Bank from GBX 140 ($1.74) to GBX 120 ($1.49) in a research report issued to clients and investors on Thursday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 70.09% from the company’s current price.

LBG Media Stock Down 0.6 %

LBG stock opened at GBX 70.55 ($0.88) on Thursday. LBG Media has a twelve month low of GBX 63 ($0.78) and a twelve month high of GBX 106 ($1.32). The company has a quick ratio of 5.33, a current ratio of 6.25 and a debt-to-equity ratio of 4.48. The company has a market cap of £147.51 million, a PE ratio of 2,316.67 and a beta of 0.63. The business’s 50-day simple moving average is GBX 76.70 and its 200 day simple moving average is GBX 82.55.

Insider Transactions at LBG Media

In other news, insider Alexander William Solomou bought 341,929 shares of LBG Media stock in a transaction that occurred on Thursday, April 18th. The stock was purchased at an average cost of GBX 73 ($0.91) per share, with a total value of £249,608.17 ($310,728.46). 65.32% of the stock is owned by insiders.

LBG Media Company Profile

LBG Media PLC operates an online media publisher the United Kingdom, Ireland, Australia, the United States, and internationally. The company produces articles, celebrity interviews, documentaries, reality shows, political live-streams, and hard-hitting social purpose campaigns. It offers its products through various brands, such as LADbible, a news site; Gamingbible; SPORTbible, a website for sports; UNILAD Adventure; UNILAD Tech; UNILAD; ODDSbible; UNILAD Sound; and Tyla.