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

Baltic Classifieds Group PLC (LON:BCG)’s stock price traded down 15.3% during 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. 22,166,805 shares changed hands during trading, an increase of 820% from the average session volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

BCG has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price target 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 shares of Baltic Classifieds Group to a “buy” rating and boosted their target price for the stock from GBX 366 to GBX 373 in a research report on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 316.50.

Baltic Classifieds Group Price Performance

The stock has a market capitalization of £840.98 million, a P/E ratio of 18.86, a PEG ratio of 1.62 and a beta of 1.43. The company has a 50 day moving average of GBX 270.61 and a 200-day moving average of GBX 321.20. The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70.

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.