LBG Media (LON:LBG) Trading 0.9% Higher

LBG Media plc (LON:LBG) was up 0.9% during mid-day trading on Wednesday . The stock traded as high as GBX 112.93 ($1.43) and last traded at GBX 107 ($1.35). Approximately 3,682 shares traded hands during trading, a decline of 97% from the average daily volume of 119,828 shares. The stock had previously closed at GBX 106 ($1.34).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their price objective on shares of LBG Media from GBX 140 ($1.77) to GBX 120 ($1.52) and set a “buy” rating for the company in a report on Thursday, April 18th.

LBG Media Stock Performance

The business has a fifty day moving average price of GBX 97.08 and a 200-day moving average price of GBX 85.33. The stock has a market capitalization of £223.72 million, a P/E ratio of 10,700.00 and a beta of 0.61. The company has a quick ratio of 5.33, a current ratio of 2.85 and a debt-to-equity ratio of 8.41.

Insider Buying and Selling at LBG Media

In related news, insider Carol Mary Kane purchased 67,230 shares of LBG Media stock in a transaction dated Thursday, April 25th. The stock was purchased at an average cost of GBX 74 ($0.94) per share, for a total transaction of £49,750.20 ($62,927.14). In other news, insider Alexander William Solomou bought 341,929 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were acquired at an average cost of GBX 73 ($0.92) per share, with a total value of £249,608.17 ($315,719.92). Also, insider Carol Mary Kane purchased 67,230 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were purchased at an average price of GBX 74 ($0.94) per share, with a total value of £49,750.20 ($62,927.14). Company insiders own 70.16% of the company’s stock.

About LBG Media

LBG Media plc operates an online media publisher the United Kingdom, Ireland, Australia, the United States, and internationally. The company produces articles, celebrity interviews, documentaries, reality shows, political live-streams, and hard-hitting social purpose campaigns. It offers its products through various brands, such as LADbible, a news site; Gamingbible; SPORTbible, a website for sports; UNILAD Adventure; UNILAD Tech; UNILAD; UNILAD Sound; ODDSbible; and Tyla.