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

Baltic Classifieds Group PLC (LON:BCG) was 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. Approximately 22,166,805 shares were traded 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.

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

Baltic Classifieds Group Stock Down 5.7%

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

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.