LBG Media's (LBG) "Buy" Rating Reaffirmed at Canaccord Genuity Group

Key Points

• Canaccord Genuity reaffirmed its “Buy” rating on LBG Media and maintained a GBX 50 price target, implying 56.68% potential upside.
• Berenberg Bank also rates the stock “Buy” and recently raised its price target to GBX 50. Both covering analysts have a Buy rating, giving LBG Media an average target of GBX 50.
• LBG Media shares opened at GBX 31.91, with a market capitalization of approximately £66.72 million and a 52-week range of GBX 20.68 to GBX 95.

LBG Media (LON:LBG - Get Free Report)'s stock had its "buy" rating restated by research analysts at Canaccord Genuity Group in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 50 target price on the stock. Canaccord Genuity Group's price objective points to a potential upside of 56.68% from the company's current price.

Separately, Berenberg Bank increased their price target on LBG Media from GBX 45 to GBX 50 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 50.

LBG Media Price Performance

Shares of LON LBG opened at GBX 31.91 on Tuesday. 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 business has a 50-day moving average of GBX 31.11 and a 200-day moving average of GBX 46.35. The stock has a market capitalization of £66.72 million, a price-to-earnings ratio of 11.82 and a beta of 0.58. LBG Media has a fifty-two week low of GBX 20.68 and a fifty-two week high of GBX 95.

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.