Baltic Classifieds Group (LON:BCG) Price Target Lowered to GBX 400 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has lowered the price target for Baltic Classifieds Group from GBX 413 to GBX 400, maintaining an "overweight" rating which suggests a potential upside of 33.11% from the current price.
• Research from other analysts indicates a mixed outlook, with Peel Hunt issuing a "hold" rating at GBX 350, while Deutsche Bank upgraded its rating to "buy" with a target of GBX 373.
• Baltic Classifieds Group's stock has shown fluctuations, currently trading at GBX 300.50, with a 52-week high of GBX 403 and a low of GBX 265.

Baltic Classifieds Group (LON:BCG - Get Free Report) had its price objective decreased by research analysts at JPMorgan Chase & Co. from GBX 413 to GBX 400 in a research note issued on Wednesday,London Stock Exchange reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 33.11% from the company's current price.

Several other equities research analysts have also commented on BCG. Peel Hunt restated a "hold" rating and issued a GBX 350 price objective on shares of Baltic Classifieds Group in a research note on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft upgraded Baltic Classifieds Group to a "buy" rating and upped their price objective for the stock from GBX 366 to GBX 373 in a research note on Thursday, September 25th. Finally, Berenberg Bank reduced their price objective on Baltic Classifieds Group from GBX 395 to GBX 360 and set a "buy" rating for the company in a research note on Wednesday, September 24th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Baltic Classifieds Group currently has an average rating of "Moderate Buy" and an average price target of GBX 370.75.

Baltic Classifieds Group Stock Performance

BCG traded down GBX 1 during mid-day trading on Wednesday, reaching GBX 300.50. 20,398,506 shares of the company traded hands, compared to its average volume of 1,872,239. The stock has a market capitalization of £1.44 billion, a P/E ratio of 3,231.18, a P/E/G ratio of 1.62 and a beta of 1.43. The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70. The company's fifty day moving average price is GBX 323.64 and its 200-day moving average price is GBX 338.96. Baltic Classifieds Group has a 52-week low of GBX 265 and a 52-week high of GBX 403.

Baltic Classifieds Group Company Profile

Baltic Classifieds Group (BCG) is the leading online classifieds group in the Baltics, which owns and operates twelve leading vertical and generalist online classifieds portals in Estonia, Latvia and Lithuania. BCG's online classifieds portfolio comprises four business lines – automotive, real estate, jobs & services and generalist.

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