Berenberg Bank Reaffirms “Buy” Rating for LBG Media (LON:LBG)

LBG Media (LON:LBG)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a report released on Tuesday,London Stock Exchange reports. They presently have a GBX 170 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 104.82% from the company’s previous close.

LBG Media Trading Up 0.7%

LON:LBG opened at GBX 83 on Tuesday. The company’s 50 day moving average price is GBX 86.25 and its 200-day moving average price is GBX 91.80. LBG Media has a 52 week low of GBX 78.40 and a 52 week high of GBX 124. The company has a quick ratio of 5.33, a current ratio of 2.43 and a debt-to-equity ratio of 6.88. The stock has a market cap of £173.54 million, a price-to-earnings ratio of 21.84 and a beta of 0.83.

LBG Media (LON:LBG) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported GBX 5.10 earnings per share for the quarter. LBG Media had a net margin of 8.55% and a return on equity of 10.41%. On average, equities research analysts forecast that LBG Media will post 8.3434836 earnings per share for the current fiscal 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). Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement.