Baltic Classifieds Group (LON:BCG) Stock Price Down 15.3% – Time to Sell?

Baltic Classifieds Group PLC (LON:BCG)’s share price dropped 15.3% on Friday . The company traded as low as GBX 168 and last traded at GBX 186. Approximately 22,166,805 shares changed hands during trading, an increase of 820% from the average daily volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BCG shares. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a “buy” rating and raised their target price for the stock from GBX 366 to GBX 373 in a report on Thursday, September 25th. Berenberg Bank dropped their price target 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. Finally, JPMorgan Chase & Co. lifted their price objective on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 322.75.

Baltic Classifieds Group Stock Down 4.3%

The company’s 50-day simple moving average is GBX 273.09 and its two-hundred day simple moving average is GBX 322.51. The firm has a market capitalization of £853.45 million, a P/E ratio of 19.14, a P/E/G ratio of 1.62 and a beta of 1.43. The company has a debt-to-equity ratio of 13.70, a current ratio of 2.05 and a quick ratio of 2.36.

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.