Baltic Classifieds Group (LON:BCG) Stock Price Down 15.3% – Here’s Why

Shares of Baltic Classifieds Group PLC (LON:BCG) were down 15.3% during mid-day trading on Thursday . The company traded as low as GBX 168 and last traded at GBX 186. Approximately 20,859,104 shares traded hands during mid-day trading, an increase of 768% from the average daily volume of 2,403,217 shares. The stock had previously closed at GBX 219.50.

Wall Street Analyst Weigh In

Several research firms recently commented on BCG. JPMorgan Chase & Co. boosted their price objective on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised Baltic Classifieds Group to a “buy” rating and lifted their target price for the stock from GBX 366 to GBX 373 in a report on Thursday, September 25th. Finally, Berenberg Bank dropped their price objective on Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 322.75.

Baltic Classifieds Group Price Performance

The company’s 50-day moving average price is GBX 275.32 and its 200-day moving average price is GBX 323.46. The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70. The firm has a market cap of £891.80 million, a price-to-earnings ratio of 20.00, a PEG ratio of 1.62 and a beta of 1.43.

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.