LBG Media (LON:LBG) Stock Price Down 10.5% – What’s Next?

Shares of LBG Media plc (LON:LBG) dropped 10.5% during trading on Wednesday . The stock traded as low as GBX 45.30 and last traded at GBX 48.37. Approximately 154,911 shares traded hands during mid-day trading, an increase of 92% from the average daily volume of 80,799 shares. The stock had previously closed at GBX 54.07.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 170 target price on shares of LBG Media in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, LBG Media presently has an average rating of “Buy” and an average price target of GBX 170.

LBG Media Price Performance

The stock’s fifty day moving average price is GBX 64.14 and its 200-day moving average price is GBX 80.05. The company has a debt-to-equity ratio of 3.88, a quick ratio of 5.33 and a current ratio of 3.27. The firm has a market cap of £101.72 million, a PE ratio of 9.73 and a beta of 0.79.

LBG Media (LON:LBG) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 5.10 earnings per share (EPS) for the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. As a group, equities analysts forecast that LBG Media plc will post 8.3434836 EPS for the current fiscal year.

About LBG Media

LBG Media is a multi-brand, multi-channel digital youth publisher and is a leading disrupter in the digital media and social publishing sectors. The Group produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience (virtual and augmented reality). Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement.