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

Shares of Baltic Classifieds Group PLC (LON:BCG) reached a new 52-week low during trading on Wednesday. The company traded as low as GBX 2.09 and last traded at GBX 2.14, with a volume of 19898283 shares trading hands. The stock had previously closed at GBX 2.27.

Analysts Set New Price Targets

Several research firms recently weighed in on BCG. JPMorgan Chase & Co. upped their price objective on shares of Baltic Classifieds Group from GBX 158 to GBX 183 and gave the stock an “underweight” rating in a research report on Monday, August 3rd. Berenberg Bank reissued a “buy” rating and issued a GBX 270 target price on shares of Baltic Classifieds Group in a report on Friday, July 3rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 200 target price on shares of Baltic Classifieds Group in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Baltic Classifieds Group currently has an average rating of “Hold” and an average target price of GBX 217.67.

Baltic Classifieds Group Stock Performance

The stock has a market cap of £8.82 million, a P/E ratio of 0.20, a PEG 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. The stock has a 50-day simple moving average of GBX 134.32 and a 200-day simple moving average of GBX 169.52.

Insider Activity at Baltic Classifieds Group

In other news, insider Justinas Šimkus purchased 237,133 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of GBX 1 per share, with a total value of £2,371.33. Insiders own 5.77% of the company’s stock.

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.