Baltic Classifieds Group (LON:BCG) Stock Price Down 15.3% Following Analyst Downgrade

Baltic Classifieds Group PLC (LON:BCG) shares traded down 15.3% during mid-day trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 360 to GBX 335. Berenberg Bank currently has a buy rating on the stock. Baltic Classifieds Group traded as low as GBX 168 and last traded at GBX 186. 20,859,104 shares were traded during trading, an increase of 768% from the average session volume of 2,403,217 shares. The stock had previously closed at GBX 219.50.

Several other analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Baltic Classifieds Group to a “buy” rating and upped their price objective for the stock from GBX 366 to GBX 373 in a research note on Thursday, September 25th. JPMorgan Chase & Co. raised their price target on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 316.50.

Baltic Classifieds Group Stock Performance

The stock has a market cap of £840.98 million, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.62 and a beta of 1.43. The company has a current ratio of 2.05, a quick ratio of 2.36 and a debt-to-equity ratio of 13.70. The firm has a fifty day simple moving average of GBX 270.61 and a 200-day simple moving average of GBX 321.20.

Baltic Classifieds Group Company Profile

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.