Berenberg Bank Cuts Baltic Classifieds Group (LON:BCG) Price Target to GBX 335

Baltic Classifieds Group (LON:BCG) had its price target decreased by Berenberg Bank from GBX 360 to GBX 335 in a research note published on Thursday morning, Marketbeat reports. Berenberg Bank currently has a buy rating on the stock.

A number of other brokerages have also issued reports on BCG. 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 research report on Thursday, September 25th. JPMorgan Chase & Co. increased their price target on shares of Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 316.50.

Baltic Classifieds Group Trading Down 5.7%

LON:BCG opened at GBX 175.40 on Thursday. The company has a market capitalization of £840.98 million, a PE ratio of 18.86, a P/E/G ratio of 1.62 and a beta of 1.43. Baltic Classifieds Group has a 52-week low of GBX 168 and a 52-week high of GBX 403. The stock’s 50 day moving average price is GBX 270.61 and its 200 day moving average price is GBX 320.89. The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70.

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.