Baltic Classifieds Group (LON:BCG) Shares Up 1.4% – Still a Buy?

Baltic Classifieds Group PLC (LON:BCG) shot up 1.4% during mid-day trading on Tuesday . The company traded as high as GBX 183 and last traded at GBX 182. 9,986,862 shares traded hands during trading, an increase of 9% from the average session volume of 9,121,283 shares. The stock had previously closed at GBX 179.40.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price target on shares of Baltic Classifieds Group from GBX 182 to GBX 178 and set an “underweight” rating for the company in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 309.

Baltic Classifieds Group Price Performance

The business’s 50 day moving average price is GBX 190.38 and its 200 day moving average price is GBX 196.31. The stock has a market capitalization of £809.94 million, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. The company has a debt-to-equity ratio of 4.64, a current ratio of 0.98 and a quick ratio of 2.36.

Insider Activity at Baltic Classifieds Group

In related news, insider Edmund Williams purchased 38,791 shares of Baltic Classifieds Group stock in a transaction dated Monday, April 27th. The stock was purchased at an average cost of GBX 192 per share, for a total transaction of £74,478.72. 5.24% of the stock is owned by corporate insiders.

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.