LBG Media (LON:LBG) Price Target Cut to GBX 120

LBG Media (LON:LBG) had its target price lowered by Berenberg Bank from GBX 140 ($1.74) to GBX 120 ($1.49) in a report released on Thursday morning, Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

LBG Media Trading Down 1.2 %

LON:LBG opened at GBX 70.18 ($0.87) on Thursday. The company has a debt-to-equity ratio of 4.48, a quick ratio of 5.33 and a current ratio of 6.25. The firm has a market cap of £146.73 million, a price-to-earnings ratio of 2,351.67 and a beta of 0.63. LBG Media has a 52 week low of GBX 63 ($0.78) and a 52 week high of GBX 106 ($1.32). The firm has a 50-day moving average price of GBX 76.70 and a two-hundred day moving average price of GBX 82.55.

Insider Buying and Selling at LBG Media

In other news, insider Alexander William Solomou acquired 341,929 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was purchased at an average price of GBX 73 ($0.91) per share, for a total transaction of £249,608.17 ($310,728.46). Company insiders own 65.32% of the company’s stock.

About LBG Media

LBG Media PLC operates an online media publisher the United Kingdom, Ireland, Australia, the United States, and internationally. The company produces articles, celebrity interviews, documentaries, reality shows, political live-streams, and hard-hitting social purpose campaigns. It offers its products through various brands, such as LADbible, a news site; Gamingbible; SPORTbible, a website for sports; UNILAD Adventure; UNILAD Tech; UNILAD; ODDSbible; UNILAD Sound; and Tyla.