LBG Media (LON:LBG) Reaches New 52-Week Low – Here’s What Happened

LBG Media plc (LON:LBG) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 78.40 and last traded at GBX 83, with a volume of 45870 shares trading hands. The stock had previously closed at GBX 82.40.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 170 price objective on shares of LBG Media in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 170.

LBG Media Trading Up 0.7%

The firm has a market cap of £173.54 million, a PE ratio of 21.84 and a beta of 0.83. The company has a debt-to-equity ratio of 6.88, a current ratio of 2.43 and a quick ratio of 5.33. The business has a 50-day moving average price of GBX 86.25 and a two-hundred day moving average price of GBX 91.80.

LBG Media (LON:LBG) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported GBX 5.10 EPS for the quarter. LBG Media had a net margin of 8.55% and a return on equity of 10.41%. Analysts forecast that LBG Media plc will post 8.3434836 EPS for the current year.

LBG Media Company Profile

LBG Media is a multi-brand, multi-channel digital youth publisher and is a leading disrupter in the digital media and social publishing sectors. The Group produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience (virtual and augmented reality). Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement.