Baltic Classifieds Group (LON:BCG) Shares Down 1% Following Analyst Downgrade

Key Points

• Baltic Classifieds Group PLC's shares fell by 1% after JPMorgan Chase & Co. reduced their price target from GBX 413 to GBX 400, while maintaining an overweight rating.
• Other analysts have mixed ratings for the stock, with Berenberg Bank lowering their target and Deutsche Bank upgrading it, resulting in a consensus rating of "Moderate Buy" with a target price of GBX 370.75.
• The company has a market capitalization of £1.43 billion and operates multiple online classifieds platforms in the Baltics, covering sectors such as automotive, real estate, and jobs.

Shares of Baltic Classifieds Group PLC (LON:BCG - Get Free Report) traded down 1% during trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 413 to GBX 400. JPMorgan Chase & Co. currently has an overweight rating on the stock. Baltic Classifieds Group traded as low as GBX 296.50 ($3.99) and last traded at GBX 298 ($4.01). 182,511,453 shares traded hands during mid-day trading, an increase of 6,720% from the average session volume of 2,676,006 shares. The stock had previously closed at GBX 301 ($4.05).

Other analysts have also issued research reports about the company. Berenberg Bank dropped 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. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a "buy" rating and upped their price target for the company from GBX 366 to GBX 373 in a report on Thursday, September 25th. Finally, Peel Hunt reiterated a "hold" rating and set a GBX 350 price target on shares of Baltic Classifieds Group in a report on Thursday, July 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Baltic Classifieds Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 370.75.

Baltic Classifieds Group Stock Down 1.0%

The company has a current ratio of 2.05, a quick ratio of 2.36 and a debt-to-equity ratio of 13.70. The firm has a market capitalization of £1.43 billion, a P/E ratio of 3,204.30, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The company's fifty day simple moving average is GBX 321.49 and its 200 day simple moving average is GBX 338.68.

About Baltic Classifieds Group

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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