LBG Media (LON:LBG) Given New GBX 120 Price Target at Berenberg Bank

LBG Media (LON:LBG) had its price target decreased by equities researchers at Berenberg Bank from GBX 140 ($1.74) to GBX 120 ($1.49) in a report issued on Thursday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 70.09% from the company’s current price.

LBG Media Stock Down 0.6 %

LBG stock opened at GBX 70.55 ($0.88) on Thursday. The firm’s 50-day moving average is GBX 76.70 and its two-hundred day moving average is GBX 82.55. The company has a current ratio of 6.25, a quick ratio of 5.33 and a debt-to-equity ratio of 4.48. The company has a market capitalization of £147.51 million, a price-to-earnings ratio of 2,316.67 and a beta of 0.63. LBG Media has a 52 week low of GBX 63 ($0.78) and a 52 week high of GBX 106 ($1.32).

Insider Activity

In other news, insider Alexander William Solomou acquired 341,929 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was acquired at an average price of GBX 73 ($0.91) per share, for a total transaction of £249,608.17 ($310,728.46). 65.32% of the stock is owned by insiders.

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; ODDSbible; UNILAD Sound; and Tyla.