Baltic Classifieds Group (LON:BCG) Hits New 1-Year Low – Here’s What Happened

Baltic Classifieds Group PLC (LON:BCG)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 2.29 and last traded at GBX 2.29, with a volume of 1041081 shares trading hands. The stock had previously closed at GBX 2.35.

Wall Street Analysts Forecast Growth

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

Baltic Classifieds Group Trading Down 2.6%

The stock’s 50-day moving average price is GBX 159.13 and its 200 day moving average price is GBX 178.47. The company has a debt-to-equity ratio of 24.77, a current ratio of 1.70 and a quick ratio of 2.36. The firm has a market capitalization of £9.62 million, a PE ratio of 0.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06.

Insider Activity at Baltic Classifieds Group

In other news, insider Justinas Šimkus acquired 237,133 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of GBX 1 per share, for a total transaction of £2,371.33. Corporate insiders own 5.77% 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.