Baltic Classifieds Group (LON:BCG) Sets New 1-Year High – Here’s What Happened

Baltic Classifieds Group PLC (LON:BCG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 330 ($4.31) and last traded at GBX 328 ($4.28), with a volume of 29450 shares trading hands. The stock had previously closed at GBX 322.84 ($4.22).

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BCG. Berenberg Bank initiated coverage on shares of Baltic Classifieds Group in a report on Monday, July 8th. They set a “buy” rating and a GBX 300 ($3.92) price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 294 ($3.84) price target on shares of Baltic Classifieds Group in a research report on Thursday, July 4th.

Baltic Classifieds Group Price Performance

The firm has a market cap of £1.58 billion, a P/E ratio of 6,456.80, a P/E/G ratio of 1.62 and a beta of 1.43. The company has a fifty day moving average of GBX 289.21 and a 200-day moving average of GBX 260.07. The company has a debt-to-equity ratio of 15.05, a current ratio of 2.20 and a quick ratio of 2.36.

Baltic Classifieds Group Company Profile

Baltic Classifieds Group PLC owns and operates online classifieds portals for automotive, real estate, jobs and services, and general merchandise in Estonia, Latvia, and Lithuania. It operates online classifieds portals for automotive, such as Autoplius.lt and Auto24.ee; real estate portals, including Aruodas.lt, KV.ee, City24.ee, and City24.lv; job and service portals, which include CVbankas.lt, GetaPro.lv, GetaPro.ee, and Paslaugos.lt; and generalist online classifieds portals comprising Skelbiu.lt, Kainos.lt, Osta.ee, and Kuldnebörs.ee.