Baltic Classifieds Group (LON:BCG) Shares Down 15.3% – What’s Next?

Shares of Baltic Classifieds Group PLC (LON:BCG) were down 15.3% during mid-day trading on Thursday . The company traded as low as GBX 168 and last traded at GBX 186. Approximately 22,166,805 shares changed hands during trading, an increase of 820% from the average daily volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Analyst Ratings Changes

BCG has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised Baltic Classifieds Group to a “buy” rating and raised their price objective for the stock from GBX 366 to GBX 373 in a research note on Thursday, September 25th. Finally, Berenberg Bank cut their price objective on Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 322.75.

Baltic Classifieds Group Stock Performance

The firm has a market capitalization of £891.80 million, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The company has a debt-to-equity ratio of 13.70, a quick ratio of 2.36 and a current ratio of 2.05. The business’s fifty day simple moving average is GBX 275.32 and its 200-day simple moving average is GBX 323.46.

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.