LBG Media (LON:LBG) Stock Price Expected to Rise, Berenberg Bank Analyst Says

LBG Media (LON:LBG) had its target price increased by research analysts at Berenberg Bank from GBX 45 to GBX 50 in a note issued to investors on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 56.25% from the stock’s current price.

LBG Media Trading Down 3.0%

LBG Media stock opened at GBX 32 on Wednesday. LBG Media has a 52 week low of GBX 20.68 and a 52 week high of GBX 107. The company has a debt-to-equity ratio of 3.88, a quick ratio of 5.33 and a current ratio of 3.27. The stock has a market capitalization of £66.91 million, a P/E ratio of 6.40 and a beta of 0.57. The stock has a 50-day simple moving average of GBX 35.52 and a 200 day simple moving average of GBX 60.54.

LBG Media (LON:LBG) last released its quarterly earnings data on Tuesday, June 9th. The company reported GBX 0.60 EPS for the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. The firm had revenue of GBX 5,236 million for the quarter. Analysts expect that LBG Media will post 8.3434836 earnings per share for the current year.

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). Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement.