Baltic Classifieds Group (LON:BCG) Trading Down 15.3% on Analyst Downgrade

Baltic Classifieds Group PLC (LON:BCG) fell 15.3% during mid-day trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 360 to GBX 335. Berenberg Bank currently has a buy rating on the stock. Baltic Classifieds Group traded as low as GBX 168 and last traded at GBX 186. 22,166,805 shares were traded during trading, an increase of 820% from the average session volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a “buy” rating and upped their price target for the company from GBX 366 to GBX 373 in a research report on Thursday, September 25th. JPMorgan Chase & Co. raised their price target on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 316.50.

Baltic Classifieds Group Trading Down 5.7%

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 stock has a market capitalization of £840.98 million, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The stock has a 50-day moving average price of GBX 270.61 and a two-hundred day moving average price of GBX 321.20.

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.