LBG Media (LON:LBG) Earns Buy Rating from Analysts at Canaccord Genuity Group

Canaccord Genuity Group began coverage on shares of LBG Media (LON:LBG) in a research report released on Tuesday,Digital Look reports. The firm issued a buy rating and a GBX 50 price objective on the stock.

Separately, Berenberg Bank upped their price objective on shares of LBG Media from GBX 45 to GBX 50 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 50.

LBG Media Stock Down 5.9%

LBG stock opened at GBX 32 on Tuesday. The firm has a 50-day moving average price of GBX 32.21 and a 200-day moving average price of GBX 47.08. LBG Media has a 12 month low of GBX 20.68 and a 12 month high of GBX 105. The company has a current ratio of 3.27, a quick ratio of 5.33 and a debt-to-equity ratio of 3.88. The stock has a market capitalization of £66.91 million, a P/E ratio of 11.85 and a beta of 0.59.

LBG Media (LON:LBG) last issued its quarterly earnings data on Tuesday, June 9th. The company reported GBX 0.60 earnings per share for the quarter. The business had revenue of GBX 5,236 million for the quarter. LBG Media had a return on equity of 13.81% and a net margin of 11.52%. As a group, equities research analysts anticipate that LBG Media will post 8.3434836 EPS for the current fiscal 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.