LBG Media (LON:LBG) Shares Down 1% - Time to Sell?

Key Points

• LBG Media's stock price experienced a 1% decline, trading at GBX 95 ($1.28) with a significantly reduced trading volume of 3,620 shares compared to an average of 174,293 shares.
• Analysts from Berenberg Bank have maintained a "buy" rating for LBG Media, setting a price target of GBX 170, reflecting confidence in the company's potential for growth.
• The company reported earnings of GBX 3 EPS for the last quarter, characterized by a net margin of 8.55% and a return on equity of 10.41%.

Shares of LBG Media plc (LON:LBG - Get Free Report) traded down 1% during mid-day trading on Thursday . The company traded as low as GBX 95 ($1.28) and last traded at GBX 95 ($1.28). 3,620 shares changed hands during trading, a decline of 98% from the average session volume of 174,293 shares. The stock had previously closed at GBX 96 ($1.30).

Analyst Ratings Changes

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

LBG Media Price Performance

The stock's 50-day moving average price is GBX 97.07 and its 200 day moving average price is GBX 97.54. The firm has a market cap of £201.50 million, a price-to-earnings ratio of 2,536.18 and a beta of 0.83. The company has a quick ratio of 5.33, a current ratio of 2.43 and a debt-to-equity ratio of 6.88.

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

LBG Media Company Profile

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).