Baltic Classifieds Group (LON:BCG) Shares Down 15.3% – Here’s What Happened

Shares of Baltic Classifieds Group PLC (LON:BCGGet Free Report) fell 15.3% during trading on Thursday . The company traded as low as GBX 168 and last traded at GBX 186. 22,166,805 shares changed hands during trading, an increase of 820% from the average session volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BCG shares. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a “buy” rating and raised their price objective for the stock from GBX 366 to GBX 373 in a research note on Thursday, September 25th. JPMorgan Chase & Co. increased their price target on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a report on Wednesday. Finally, Berenberg Bank decreased their price target on shares of 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 equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 322.75.

Read Our Latest Stock Report on BCG

Baltic Classifieds Group Stock Performance

The firm has a market capitalization of £891.80 million, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The firm’s 50-day moving average price is GBX 273.09 and its two-hundred day moving average price is GBX 322.51. The company has a debt-to-equity ratio of 13.70, a quick ratio of 2.36 and a current ratio of 2.05.

About Baltic Classifieds Group

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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.

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