Berenberg Bank Reaffirms “Buy” Rating for Baltic Classifieds Group (LON:BCG)

Baltic Classifieds Group (LON:BCG)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued on Friday,London Stock Exchange reports. They presently have a GBX 270 price target on the stock. Berenberg Bank’s target price points to a potential upside of 49.54% from the company’s current price.

Several other analysts also recently issued reports on BCG. Jefferies Financial Group reissued a “hold” rating and issued a GBX 200 price target on shares of Baltic Classifieds Group in a report on Thursday. JPMorgan Chase & Co. lowered their price objective on Baltic Classifieds Group from GBX 178 to GBX 177 and set an “underweight” rating for the company in a research note on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Baltic Classifieds Group presently has an average rating of “Hold” and a consensus price target of GBX 255.

Baltic Classifieds Group Stock Performance

Shares of BCG opened at GBX 180.56 on Friday. The business’s fifty day moving average price is GBX 190.19 and its 200 day moving average price is GBX 191.84. Baltic Classifieds Group has a 12-month low of GBX 168 and a 12-month high of GBX 380. The stock has a market capitalization of £789.35 million, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 4.64, a current ratio of 0.98 and a quick ratio of 2.36.

Insider Buying and Selling at Baltic Classifieds Group

In other news, insider Edmund Williams purchased 38,791 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was purchased at an average cost of GBX 192 per share, with a total value of £74,478.72. Corporate insiders own 5.55% of the company’s stock.

About Baltic Classifieds Group

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. The portals are accessible through the websites of the Group’s various brands via desktop and mobile.