Baltic Classifieds Group (LON:BCG) Cut to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Baltic Classifieds Group (LON:BCG) to an underweight rating in a research report report published on Tuesday, MarketBeat reports. JPMorgan Chase & Co. currently has GBX 194 price objective on the stock, down from their prior price objective of GBX 400.

A number of other equities research analysts have also recently issued reports on BCG. Deutsche Bank Aktiengesellschaft raised shares of Baltic Classifieds Group to a “buy” rating and upped their target price for the company from GBX 366 to GBX 373 in a report on Thursday, September 25th. Berenberg Bank dropped their price objective on Baltic Classifieds Group from GBX 395 to GBX 360 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Baltic Classifieds Group has an average rating of “Hold” and an average target price of GBX 319.25.

Baltic Classifieds Group Stock Performance

LON BCG opened at GBX 237.02 on Tuesday. The firm has a market capitalization of £1.14 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. 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’s fifty day moving average price is GBX 282.42 and its two-hundred day moving average price is GBX 327.57. Baltic Classifieds Group has a 1 year low of GBX 217.50 and a 1 year high of GBX 403.

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.