Baltic Classifieds Group (LON:BCG) Shares Down 0.5% – Should You Sell?

Shares of Baltic Classifieds Group PLC (LON:BCG) traded down 0.5% during mid-day trading on Monday . The company traded as low as GBX 208 and last traded at GBX 210. 3,456,720 shares changed hands during trading, a decline of 51% from the average session volume of 7,046,642 shares. The stock had previously closed at GBX 211.

Analysts Set New Price Targets

BCG has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the stock an “underweight” rating in a report on Wednesday, December 3rd. Berenberg Bank dropped their price objective on shares of Baltic Classifieds Group from GBX 360 to GBX 335 and set a “buy” rating for the company in a research note on Thursday, December 4th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 316.50.

Baltic Classifieds Group Stock Performance

The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70. The stock has a market cap of £989.96 million, a P/E ratio of 20.39, a PEG ratio of 1.62 and a beta of 1.43. The business has a 50 day moving average price of GBX 205.64 and a 200 day moving average price of GBX 280.07.

Insiders Place Their Bets

In other Baltic Classifieds Group news, insider Edmund Williams bought 52,891 shares of Baltic Classifieds Group stock in a transaction on Thursday, December 11th. The shares were acquired at an average price of GBX 189 per share, for a total transaction of £99,963.99. Insiders acquired a total of 433,421 shares of company stock valued at $79,915,635 in the last 90 days. Company insiders own 4.90% of the company’s stock.

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. The portals are accessible through the websites of the Group’s various brands via desktop and mobile.