Baltic Classifieds Group (LON:BCG) Sets New 52-Week Low – Time to Sell?

Baltic Classifieds Group PLC (LON:BCG) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 2.09 and last traded at GBX 2.14, with a volume of 19898283 shares traded. The stock had previously closed at GBX 2.27.

Wall Street Analyst Weigh In

BCG has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Baltic Classifieds Group from GBX 158 to GBX 183 and gave the stock an “underweight” rating in a research note on Monday, August 3rd. Berenberg Bank reissued a “buy” rating and set a GBX 270 price target on shares of Baltic Classifieds Group in a research note on Friday, July 3rd. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 200 price objective on shares of Baltic Classifieds Group in a report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 256.50.

Baltic Classifieds Group Trading Down 5.5%

The stock’s 50 day moving average price is GBX 141.56 and its 200-day moving average price is GBX 172.13. 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 stock has a market capitalization of £9.01 million, a P/E ratio of 0.20, a P/E/G ratio of 1.62 and a beta of 1.06.

Insiders Place Their Bets

In other Baltic Classifieds Group news, insider Justinas ?imkus acquired 237,133 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of GBX 1 per share, for a total transaction of £2,371.33. 5.77% of the stock is currently owned by company 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.