Berenberg Bank Cuts Baltic Classifieds Group (LON:BCG) Price Target to GBX 360

Key Points

• Berenberg Bank has reduced its price target for Baltic Classifieds Group from GBX 395 to GBX 360, while maintaining a "buy" rating, indicating a potential upside of 21.83% from the current price.
• Peel Hunt has reiterated a "hold" rating with a target price of GBX 350, while Deutsche Bank upgraded the stock to a "buy" rating with a new target of GBX 373, contributing to a consensus rating of "Moderate Buy" for the stock.
• Baltic Classifieds Group operates online classifieds in the Baltics across four business lines and has seen stock performance with a 12-month low of GBX 265 and a high of GBX 403.

Baltic Classifieds Group (LON:BCG - Get Free Report) had its target price dropped by research analysts at Berenberg Bank from GBX 395 to GBX 360 in a research note issued on Wednesday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price target would indicate a potential upside of 21.83% from the company's current price.

Other analysts have also issued research reports about the stock. Peel Hunt reiterated a "hold" rating and set a GBX 350 price target on shares of Baltic Classifieds Group in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a "buy" rating and increased their price target for the stock from GBX 366 to GBX 373 in a research report on Thursday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 361.

Baltic Classifieds Group Stock Performance

Shares of LON:BCG opened at GBX 295.50 on Wednesday. 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 firm has a market cap of £1.42 billion, a PE ratio of 3,177.42, a PEG ratio of 1.62 and a beta of 1.43. The company's 50 day moving average price is GBX 339.94 and its two-hundred day moving average price is GBX 339.68. Baltic Classifieds Group has a 12-month low of GBX 265 and a 12-month 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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