LBG Media (LON:LBG) Reaches New 12-Month Low – Here’s Why

LBG Media plc (LON:LBG) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 37.70 and last traded at GBX 37.70, with a volume of 84547 shares changing hands. The stock had previously closed at GBX 38.50.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their price target on shares of LBG Media from GBX 170 to GBX 90 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 90.

LBG Media Stock Performance

The stock has a market capitalization of £78.82 million, a price-to-earnings ratio of 7.54 and a beta of 0.59. The company’s fifty day simple moving average is GBX 54.99 and its 200 day simple moving average is GBX 75.05. The company has a quick ratio of 5.33, a current ratio of 3.27 and a debt-to-equity ratio of 3.88.

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.