Berenberg Bank Has Lowered Expectations for Baltic Classifieds Group (LON:BCG) Stock Price

Baltic Classifieds Group (LON:BCG) had its price objective reduced by research analysts at Berenberg Bank from GBX 395 to GBX 360 in a report released on Wednesday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 21.83% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft upgraded 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 report on Thursday. Peel Hunt reiterated a “hold” rating and set a GBX 350 price target on shares of Baltic Classifieds Group in a report on Thursday, July 3rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 361.

Baltic Classifieds Group Price Performance

Shares of LON:BCG opened at GBX 295.50 on Wednesday. The firm has a market cap of £1.42 billion, a PE ratio of 3,177.42, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The firm’s fifty day moving average is GBX 339.94 and its 200-day moving average is GBX 339.68. The company has a debt-to-equity ratio of 13.70, a quick ratio of 2.36 and a current ratio of 2.05. Baltic Classifieds Group has a 52 week low of GBX 265 and a 52 week high of GBX 403.

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.