Baltic Classifieds Group (LON:BCG) Hits New 12-Month Low – Here’s Why

Baltic Classifieds Group PLC (LON:BCG)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 2.09 and last traded at GBX 2.14, with a volume of 19898283 shares trading hands. The stock had previously closed at GBX 2.27.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BCG shares. Berenberg Bank restated a “buy” rating and issued a GBX 270 target price on shares of Baltic Classifieds Group in a research note on Friday, July 3rd. JPMorgan Chase & Co. lifted their target price on Baltic Classifieds Group from GBX 158 to GBX 183 and gave the stock an “underweight” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 200 price target on shares of Baltic Classifieds Group in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 256.50.

Baltic Classifieds Group Stock Down 5.5%

The stock has a market cap of £9.01 million, a PE ratio of 0.20, a P/E/G ratio of 1.62 and a beta of 1.06. The business has a 50 day moving average price of GBX 141.56 and a 200 day moving average price of GBX 172.13. The company has a quick ratio of 2.36, a current ratio of 1.70 and a debt-to-equity ratio of 24.77.

Insider Buying and Selling at Baltic Classifieds Group

In other news, insider Justinas Šimkus bought 237,133 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of GBX 1 per share, with a total value of £2,371.33. 5.77% of the stock is currently owned by company insiders.

About Baltic Classifieds Group

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. The portals are accessible through the websites of the Group’s various brands via desktop and mobile.