LBG Media (LON:LBG) Shares Down 1.4% – Here’s What Happened

Shares of LBG Media plc (LON:LBG) traded down 1.4% during trading on Tuesday . The stock traded as low as GBX 89.50 and last traded at GBX 89.50. 36,396 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 148,912 shares. The stock had previously closed at GBX 90.80.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 170 price target on shares of LBG Media in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, LBG Media currently has a consensus rating of “Buy” and a consensus price target of GBX 170.

LBG Media Trading Up 1.5%

The company has a quick ratio of 5.33, a current ratio of 2.43 and a debt-to-equity ratio of 6.88. The business’s fifty day moving average is GBX 94.18 and its 200-day moving average is GBX 95.53. The stock has a market capitalization of £191.04 million, a PE ratio of 24.05 and a beta of 0.83.

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).