Baltic Classifieds Group (LON:BCG) Stock Falls 0.8% – Time to Sell?

Shares of Baltic Classifieds Group PLC (LON:BCG) fell 0.8% on Tuesday. The stock traded as low as GBX 2.22 and last traded at GBX 2.30. Approximately 688,733 shares were traded during mid-day trading, a decline of 93% from the average session volume of 10,389,249 shares. The stock had previously closed at GBX 2.31.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and issued a GBX 200 target price on shares of Baltic Classifieds Group in a report on Thursday, July 2nd. JPMorgan Chase & Co. upped their price target on shares of Baltic Classifieds Group from GBX 158 to GBX 183 and gave the company an “underweight” rating in a report on Monday, August 3rd. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 270 price target on shares of Baltic Classifieds Group in a report on Friday, July 3rd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 217.67.

Baltic Classifieds Group Price Performance

The company has a current ratio of 1.70, a quick ratio of 2.36 and a debt-to-equity ratio of 24.77. The company has a market cap of £9.96 million, a PE ratio of 0.22, a P/E/G ratio of 1.62 and a beta of 1.06. The firm has a 50 day moving average of GBX 55.69 and a two-hundred day moving average of GBX 143.97.

Insider Buying and Selling

In related news, insider Justinas ?imkus bought 237,133 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of GBX 1 per share, with a total value of £2,371.33. Company insiders own 5.77% of the company’s stock.

Baltic Classifieds Group Company Profile

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.