Baltic Classifieds Group (LON:BCG) Stock Price Down 15.3% – What’s Next?

Shares of Baltic Classifieds Group PLC (LON:BCG) dropped 15.3% on Thursday . The company traded as low as GBX 168 and last traded at GBX 186. Approximately 22,166,805 shares were traded during trading, an increase of 820% from the average daily volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BCG. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a “buy” rating and upped their price target for the stock from GBX 366 to GBX 373 in a research report on Thursday, September 25th. JPMorgan Chase & Co. boosted their target price on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, Berenberg Bank reduced their target price on shares of Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 322.75.

Baltic Classifieds Group Price Performance

The company has a debt-to-equity ratio of 13.70, a quick ratio of 2.36 and a current ratio of 2.05. The company has a 50-day moving average price of GBX 273.09 and a 200-day moving average price of GBX 322.51. The firm has a market capitalization of £891.80 million, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43.

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.