LBG Media (LON:LBG) Stock Price Down 10.5% on Analyst Downgrade

LBG Media plc (LON:LBG)’s share price traded down 10.5% during mid-day trading on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 170 to GBX 90. Berenberg Bank currently has a buy rating on the stock. LBG Media traded as low as GBX 45.30 and last traded at GBX 48.37. 154,911 shares traded hands during trading, an increase of 92% from the average session volume of 80,799 shares. The stock had previously closed at GBX 54.07.

LBG Media Stock Performance

The company has a debt-to-equity ratio of 3.88, a current ratio of 3.27 and a quick ratio of 5.33. The company’s fifty day moving average price is GBX 62.57 and its 200 day moving average price is GBX 79.54. The company has a market cap of £89.70 million, a PE ratio of 8.58 and a beta of 0.79.

LBG Media (LON:LBG) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 5.10 earnings per share for the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. On average, equities research analysts predict that LBG Media plc will post 8.3434836 earnings per share for the current year.

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.