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

Baltic Classifieds Group PLC (LON:BCG)’s share price dropped 15.3% on Thursday . The stock traded as low as GBX 168 and last traded at GBX 186. Approximately 22,166,805 shares traded hands during mid-day trading, an increase of 820% from the average daily volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Wall Street Analysts Forecast Growth

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

Baltic Classifieds Group Price Performance

The stock has a fifty day moving average of GBX 275.32 and a two-hundred day moving average of GBX 323.46. The stock has a market cap 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 company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70.

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.