Baltic Classifieds Group (LON:BCG) Reaches New 52-Week Low – What’s Next?

Baltic Classifieds Group PLC (LON:BCG) shares reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as GBX 1.99 and last traded at GBX 2.04, with a volume of 743402 shares traded. The stock had previously closed at GBX 2.02.

Analyst Upgrades and Downgrades

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

Baltic Classifieds Group Price Performance

The business’s 50 day moving average price is GBX 127.03 and its 200-day moving average price is GBX 166.91. The company has a quick ratio of 2.36, a current ratio of 1.70 and a debt-to-equity ratio of 24.77. The company has a market cap of £8.57 million, a PE ratio of 0.19, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06.

Insider Buying and Selling

In other news, insider Justinas Šimkus acquired 237,133 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of GBX 1 per share, for a total transaction of £2,371.33. 5.77% of the stock is owned by corporate insiders.

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.