LBG Media (LON:LBG) Trading Down 0.5% – Time to Sell?

LBG Media plc (LON:LBG) shares dropped 0.5% on Tuesday . The company traded as low as GBX 35.50 and last traded at GBX 36.20. Approximately 240,444 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 179,981 shares. The stock had previously closed at GBX 36.40.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their target price on LBG Media from GBX 170 to GBX 90 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, LBG Media currently has a consensus rating of “Buy” and an average price target of GBX 90.

LBG Media Trading Up 0.8%

The firm has a market cap of £75.90 million, a P/E ratio of 7.26 and a beta of 0.59. The company has a 50 day moving average of GBX 45.70 and a 200 day moving average of GBX 68.78. The company has a debt-to-equity ratio of 3.88, a quick ratio of 5.33 and a current ratio of 3.27.

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.