LBG Media (LON:LBG) Shares Down 0.5% – Time to Sell?

Shares of LBG Media plc (LON:LBG) were down 0.5% during mid-day trading on Tuesday . The stock traded as low as GBX 35.50 and last traded at GBX 36.20. Approximately 240,444 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 179,981 shares. The stock had previously closed at GBX 36.40.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price target on LBG Media from GBX 170 to GBX 90 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, LBG Media currently has an average rating of “Buy” and an average price target of GBX 90.

LBG Media Stock Performance

The company has a debt-to-equity ratio of 3.88, a quick ratio of 5.33 and a current ratio of 3.27. The company has a market cap of £75.69 million, a PE ratio of 7.24 and a beta of 0.59. The company’s 50 day moving average price is GBX 46.63 and its 200-day moving average price is GBX 69.58.

About LBG Media

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.