LBG Media (LON:LBG) Stock Price Up 4.8% – Should You Buy?

LBG Media plc (LON:LBG) shares were up 4.8% during trading on Wednesday . The company traded as high as GBX 134 ($1.66) and last traded at GBX 133.03 ($1.64). Approximately 1,714 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 71,655 shares. The stock had previously closed at GBX 127 ($1.57).

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Berenberg Bank lifted their price objective on LBG Media from GBX 140 ($1.73) to GBX 170 ($2.10) and gave the company a “buy” rating in a research report on Wednesday, September 18th. Shore Capital reaffirmed a “buy” rating on shares of LBG Media in a report on Friday, November 22nd.

LBG Media Price Performance

The company has a current ratio of 2.43, a quick ratio of 5.33 and a debt-to-equity ratio of 6.88. The stock has a 50 day simple moving average of GBX 128.03 and a 200-day simple moving average of GBX 126.37. The firm has a market cap of £278.15 million, a PE ratio of 3,325.85 and a beta of 0.83.

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).