Baltic Classifieds Group (LON:BCG) Reaches New 52-Week Low – Time to Sell?

Baltic Classifieds Group PLC (LON:BCG) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 2.36 and last traded at GBX 2.70, with a volume of 179816031 shares traded. The stock had previously closed at GBX 209.20.

Analysts Set New Price Targets

Several research analysts recently commented on BCG shares. Berenberg Bank reissued a “buy” rating and issued a GBX 270 price objective on shares of Baltic Classifieds Group in a research note on Friday, July 3rd. JPMorgan Chase & Co. lifted their target price on shares of Baltic Classifieds Group from GBX 158 to GBX 183 and gave the stock an “underweight” rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 200 target price on shares of Baltic Classifieds Group in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 256.50.

Baltic Classifieds Group Price Performance

The stock has a 50 day simple moving average of GBX 188.51 and a two-hundred day simple moving average of GBX 188.65. The company has a market cap of £10.33 million, a price-to-earnings ratio of 0.23, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 24.77, a current ratio of 1.70 and a quick ratio of 2.36.

Insider Activity at Baltic Classifieds Group

In related news, insider Justinas Šimkus purchased 237,133 shares of Baltic Classifieds Group stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of GBX 1 per share, for a total transaction of £2,371.33. 5.77% of the stock is currently owned by corporate insiders.

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