LBG Media (LON:LBG) Shares Down 1.6% – Here’s Why

LBG Media plc (LON:LBG)’s share price fell 1.6% during trading on Tuesday . The company traded as low as GBX 30.50 and last traded at GBX 31. 33,251 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 280,601 shares. The stock had previously closed at GBX 31.50.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LBG. Canaccord Genuity Group started coverage on shares of LBG Media in a report on Tuesday, August 18th. They issued a “buy” rating and a GBX 50 price target for the company. Berenberg Bank raised their price target on shares of LBG Media from GBX 45 to GBX 50 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, LBG Media currently has an average rating of “Buy” and an average target price of GBX 50.

LBG Media Price Performance

The stock’s 50-day moving average price is GBX 32.89 and its 200 day moving average price is GBX 42.12. The company has a quick ratio of 5.33, a current ratio of 3.27 and a debt-to-equity ratio of 3.88. The firm has a market capitalization of £67.95 million, a price-to-earnings ratio of 12.04 and a beta of 0.58.

LBG Media (LON:LBG) last announced its quarterly earnings data on Tuesday, June 9th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. The company had revenue of GBX 5,236 million during the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. Equities research analysts expect that LBG Media plc will post 8.3434836 earnings per share for the current fiscal year.

About LBG Media

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.