Baltic Classifieds Group (LON:BCG) Sets New 1-Year High – Should You Buy?

Baltic Classifieds Group PLC (LON:BCG)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 330 ($4.28) and last traded at GBX 328 ($4.26), with a volume of 29450 shares changing hands. The stock had previously closed at GBX 322.84 ($4.19).

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 294 ($3.82) price objective on shares of Baltic Classifieds Group in a research report on Thursday, July 4th. Berenberg Bank assumed coverage on shares of Baltic Classifieds Group in a research report on Monday, July 8th. They issued a “buy” rating and a GBX 300 ($3.90) price objective for the company.

Baltic Classifieds Group Price Performance

The company has a debt-to-equity ratio of 15.05, a current ratio of 2.20 and a quick ratio of 2.36. The firm has a market cap of £1.54 billion, a price-to-earnings ratio of 6,420.00, a P/E/G ratio of 1.62 and a beta of 1.43. The business’s 50-day moving average price is GBX 291.50 and its two-hundred day moving average price is GBX 261.46.

About Baltic Classifieds Group

Baltic Classifieds Group PLC owns and operates online classifieds portals for automotive, real estate, jobs and services, and general merchandise in Estonia, Latvia, and Lithuania. It operates online classifieds portals for automotive, such as Autoplius.lt and Auto24.ee; real estate portals, including Aruodas.lt, KV.ee, City24.ee, and City24.lv; job and service portals, which include CVbankas.lt, GetaPro.lv, GetaPro.ee, and Paslaugos.lt; and generalist online classifieds portals comprising Skelbiu.lt, Kainos.lt, Osta.ee, and Kuldnebörs.ee.