JPMorgan Chase & Co. Issues Pessimistic Forecast for Baltic Classifieds Group (LON:BCG) Stock Price

Baltic Classifieds Group (LON:BCG) had its price target decreased by JPMorgan Chase & Co. from GBX 178 to GBX 177 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 3.96% from the stock’s previous close.

Baltic Classifieds Group Stock Performance

LON:BCG traded up GBX 1.60 during mid-day trading on Tuesday, reaching GBX 184.30. 534,784 shares of the company’s stock were exchanged, compared to its average volume of 10,355,648. The company has a debt-to-equity ratio of 4.64, a quick ratio of 2.36 and a current ratio of 0.98. The firm has a market capitalization of £805.72 million, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. Baltic Classifieds Group has a one year low of GBX 168 and a one year high of GBX 380. The business’s fifty day simple moving average is GBX 192.03 and its two-hundred day simple moving average is GBX 193.29.

Insiders Place Their Bets

In other news, insider Edmund Williams acquired 38,791 shares of Baltic Classifieds Group stock in a transaction on Monday, April 27th. The shares were purchased at an average cost of GBX 192 per share, for a total transaction of £74,478.72. 5.55% of the stock is 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.