LBG Media (LON:LBG) Stock Falls 4.5% – Should You Sell?

Shares of LBG Media plc (LON:LBG) were down 4.5% during trading on Wednesday. The company traded as low as GBX 26.50 and last traded at GBX 27.40. 683,453 shares traded hands during mid-day trading, an increase of 157% from the average daily volume of 265,969 shares. The stock had previously closed at GBX 28.70.

Wall Street Analyst Weigh In

LBG has been the topic of a number of research reports. Berenberg Bank upped their target price on shares of LBG Media from GBX 45 to GBX 50 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Canaccord Genuity Group initiated coverage on shares of LBG Media in a research report on Tuesday, August 18th. They set a “buy” rating and a GBX 50 price target for the company. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 50.

LBG Media Stock Performance

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 stock has a market cap of £54.57 million, a P/E ratio of 9.67 and a beta of 0.58. The stock has a fifty day simple moving average of GBX 31.98 and a 200-day simple moving average of GBX 37.77.

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.