LBG Media (LON:LBG) Shares Down 0.4% - Here's What Happened

Key Points

• LBG Media's shares declined by 0.4%, trading at GBX 97.23, significantly lower than its typical volume of 170,843 shares, with only 3,552 shares traded during the day.
• Analysts from Berenberg Bank maintain a "buy" rating for LBG Media, setting a price target of GBX 170, with a consensus rating of "Buy" among analysts.
• The company reported GBX 3 EPS for the last quarter and is projected to achieve a total of 8.34 EPS for the current year, with a notable return on equity of 10.41%.

Shares of LBG Media plc (LON:LBG - Get Free Report) traded down 0.4% during mid-day trading on Friday . The stock traded as low as GBX 96.88 ($1.30) and last traded at GBX 97.23 ($1.30). 3,552 shares traded hands during trading, a decline of 98% from the average session volume of 170,843 shares. The stock had previously closed at GBX 97.60 ($1.31).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 170 price target on shares of LBG Media in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 170.

LBG Media Stock Performance

The stock has a market capitalization of £203.29 million, a P/E ratio of 2,558.68 and a beta of 0.83. The stock has a 50 day moving average of GBX 95.79 and a 200 day moving average of GBX 97.05. The company has a debt-to-equity ratio of 6.88, a quick ratio of 5.33 and a current ratio of 2.43.

LBG Media (LON:LBG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The company reported GBX 3 EPS for the quarter. LBG Media had a return on equity of 10.41% and a net margin of 8.55%. Equities analysts predict that LBG Media plc will post 8.3434836 EPS for the current year.

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).

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