LBG Media (LON:LBG) Shares Up 11.4% – Here’s What Happened

LBG Media plc (LON:LBG)’s share price was up 11.4% during mid-day trading on Friday. The company traded as high as GBX 30 and last traded at GBX 29.40. 14,748,948 shares were traded during trading, an increase of 4,290% from the average daily volume of 335,978 shares. The stock had previously closed at GBX 26.40.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LBG. Berenberg Bank upped their price objective on LBG Media from GBX 45 to GBX 50 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Canaccord Genuity Group began coverage on LBG Media in a report on Tuesday, August 18th. They set a “buy” rating and a GBX 50 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, LBG Media presently has a consensus rating of “Buy” and a consensus target price of GBX 50.

LBG Media Trading Up 11.4%

The company has a debt-to-equity ratio of 3.88, a current ratio of 3.27 and a quick ratio of 5.33. The stock has a market cap of £61.47 million, a price-to-earnings ratio of 10.89 and a beta of 0.58. The business’s 50 day moving average is GBX 31.16 and its 200 day moving average is GBX 36.53.

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.