Baltic Classifieds Group (LON:BCG) Shares Down 15.3% on Analyst Downgrade

Shares of Baltic Classifieds Group PLC (LON:BCG) dropped 15.3% during mid-day trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 360 to GBX 335. Berenberg Bank currently has a buy rating on the stock. Baltic Classifieds Group 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.

A number of other research analysts have also weighed in on BCG. Deutsche Bank Aktiengesellschaft raised Baltic Classifieds Group to a “buy” rating and increased their price objective for the company from GBX 366 to GBX 373 in a report on Thursday, September 25th. JPMorgan Chase & Co. upped their target price on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a research report on Wednesday. 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 stock. Based on data from MarketBeat.com, Baltic Classifieds Group has an average rating of “Hold” and an average price target of GBX 316.50.

Baltic Classifieds Group Trading Down 5.7%

The company has a current ratio of 2.05, a quick ratio of 2.36 and a debt-to-equity ratio of 13.70. The firm has a market cap of £840.98 million, a price-to-earnings ratio of 18.86, a PEG ratio of 1.62 and a beta of 1.43. The company has a fifty day moving average price of GBX 270.61 and a 200-day moving average price of GBX 320.89.

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.