LBG Media (LON:LBG) Stock Price Down 1.4% – Should You Sell?

LBG Media plc (LON:LBG) shares dropped 1.4% during mid-day trading on Tuesday . The stock traded as low as GBX 89.50 and last traded at GBX 89.50. Approximately 36,396 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 148,912 shares. The stock had previously closed at GBX 90.80.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 170 price target on shares of LBG Media in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, LBG Media has a consensus rating of “Buy” and a consensus target price of GBX 170.

LBG Media Stock Performance

The company has a market capitalization of £187.13 million, a price-to-earnings ratio of 23.55 and a beta of 0.83. The firm has a fifty day simple moving average of GBX 94.28 and a 200 day simple moving average of GBX 95.56. The company has a debt-to-equity ratio of 6.88, a current ratio of 2.43 and a quick ratio of 5.33.

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).