Baltic Classifieds Group (LON:BCG) Stock Price Down 8.3% – Here’s Why

Baltic Classifieds Group PLC (LON:BCG) fell 8.3% on Friday . The company traded as low as GBX 301.05 ($4.11) and last traded at GBX 324 ($4.42). 3,739,195 shares were traded during mid-day trading, an increase of 118% from the average session volume of 1,716,650 shares. The stock had previously closed at GBX 353.50 ($4.82).

Analysts Set New Price Targets

Separately, Peel Hunt reaffirmed a “hold” rating and issued a GBX 350 ($4.78) target price on shares of Baltic Classifieds Group in a research note on Thursday.

Baltic Classifieds Group Stock Performance

The stock has a market capitalization of £1.88 billion, a price-to-earnings ratio of 49.09, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The company has a current ratio of 2.05, a quick ratio of 2.36 and a debt-to-equity ratio of 13.70. The stock’s 50 day moving average is GBX 356.85 and its two-hundred day moving average is GBX 335.54.

Baltic Classifieds Group Company Profile

Baltic Classifieds Group (BCG) is the leading online classifieds group in the Baltics, which owns and operates twelve leading vertical and generalist online classifieds portals in Estonia, Latvia and Lithuania. BCG’s online classifieds portfolio comprises four business lines – automotive, real estate, jobs & services and generalist.