LBG Media (LON:LBG) Trading Up 1.8% – Here’s What Happened

Shares of LBG Media plc (LON:LBG) shot up 1.8% on Friday . The company traded as high as GBX 34.20 and last traded at GBX 34.20. Approximately 281,425 shares changed hands during trading, a decline of 7% from the average session volume of 301,310 shares. The stock had previously closed at GBX 33.60.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their target price on shares of LBG Media from GBX 45 to GBX 50 and gave the company a “buy” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 50.

LBG Media Stock Up 1.8%

The company has a current ratio of 3.27, a quick ratio of 5.33 and a debt-to-equity ratio of 3.88. The company has a market cap of £71.51 million, a price-to-earnings ratio of 12.67 and a beta of 0.59. The firm’s fifty day moving average price is GBX 31.75 and its 200-day moving average price is GBX 48.78.

LBG Media (LON:LBG) last announced its earnings results 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. Sell-side analysts predict that LBG Media plc 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.