JPMorgan Chase & Co. Lowers Baltic Classifieds Group (LON:BCG) Price Target to GBX 58

Baltic Classifieds Group (LON:BCG) had its price target decreased by stock analysts at JPMorgan Chase & Co. from GBX 161 to GBX 58 in a research note issued on Tuesday,Digital Look reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 66.42% from the stock’s previous close.

Several other research analysts have also recently weighed in on BCG. Jefferies Financial Group reiterated a “hold” rating and set a GBX 200 price target on shares of Baltic Classifieds Group in a research note on Thursday, July 2nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 270 target price on shares of Baltic Classifieds Group in a report on Friday, July 3rd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 225.25.

Baltic Classifieds Group Stock Performance

Shares of LON BCG opened at GBX 172.70 on Tuesday. Baltic Classifieds Group has a 12-month low of GBX 168 and a 12-month high of GBX 380. The firm has a market capitalization of £738.55 million, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. 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 firm has a 50 day moving average of GBX 187.81 and a 200 day moving average of GBX 190.84.

Insider Transactions at Baltic Classifieds Group

In other Baltic Classifieds Group news, insider Edmund Williams purchased 38,791 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were acquired at an average cost of GBX 192 per share, with a total value of £74,478.72. Insiders own 5.65% of the company’s stock.

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.