Baltic Classifieds Group (LON:BCG) Reaches New 52-Week High at $297.00

Baltic Classifieds Group PLC (LON:BCG)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 297 ($3.96) and last traded at GBX 295 ($3.94), with a volume of 566409 shares. The stock had previously closed at GBX 295 ($3.94).

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 294 ($3.92) target price on shares of Baltic Classifieds Group in a research report on Thursday, July 4th. Berenberg Bank initiated coverage on Baltic Classifieds Group in a research report on Monday, July 8th. They set a “buy” rating and a GBX 300 ($4.00) price objective on the stock.

Baltic Classifieds Group Price Performance

The company has a quick ratio of 2.36, a current ratio of 2.20 and a debt-to-equity ratio of 15.05. The company has a market capitalization of £1.43 billion, a PE ratio of 4,916.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The firm’s 50 day simple moving average is GBX 274.60 and its 200 day simple moving average is GBX 249.80.

Baltic Classifieds Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 12th will be issued a dividend of €0.02 ($0.02) per share. This represents a yield of 0.74%. This is an increase from Baltic Classifieds Group’s previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, September 12th. Baltic Classifieds Group’s dividend payout ratio is presently 5,000.00%.

About Baltic Classifieds Group

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.