LBG Media (LON:LBG) Reaches New 1-Year Low – Here’s Why

LBG Media plc (LON:LBG) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 37.70 and last traded at GBX 37.70, with a volume of 84547 shares. The stock had previously closed at GBX 38.50.

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price target on LBG Media from GBX 170 to GBX 90 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 90.

LBG Media Trading Down 5.2%

The company has a current ratio of 3.27, a quick ratio of 5.33 and a debt-to-equity ratio of 3.88. The stock has a 50 day simple moving average of GBX 53.02 and a 200-day simple moving average of GBX 73.91. The firm has a market cap of £72.97 million, a P/E ratio of 6.98 and a beta of 0.59.

LBG Media Company Profile

LBG Media is a multi-brand, multi-channel digital youth publisher and is a leading disrupter in the digital media and social publishing sectors. The Group produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience (virtual and augmented reality). Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement.