LBG Media (LON:LBG) Stock Price Up 5.8% – Time to Buy?

LBG Media plc (LON:LBG)’s share price was up 5.8% during trading on Wednesday . The company traded as high as GBX 32.80 and last traded at GBX 32.80. 44,451 shares traded hands during trading, a decline of 85% from the average session volume of 306,174 shares. The stock had previously closed at GBX 31.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price objective on LBG Media from GBX 45 to GBX 50 and gave the company a “buy” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, LBG Media presently has an average rating of “Buy” and a consensus price target of GBX 50.

LBG Media Stock Performance

The firm has a market cap of £68.58 million, a price-to-earnings ratio of 12.15 and a beta of 0.58. The company has a current ratio of 3.27, a quick ratio of 5.33 and a debt-to-equity ratio of 3.88. The stock’s 50 day moving average is GBX 32.47 and its 200 day moving average is GBX 54.24.

LBG Media (LON:LBG) last issued its quarterly earnings data on Tuesday, June 9th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. The firm had revenue of GBX 5,236 million during the quarter. LBG Media had a net margin of 11.52% and a return on equity of 13.81%. Analysts anticipate that LBG Media plc will post 8.3434836 earnings per share for the current 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.