LBG Media (LON:LBG) Price Target Cut to GBX 120 by Analysts at Berenberg Bank

LBG Media (LON:LBG) had its price objective lowered by Berenberg Bank from GBX 140 ($1.74) to GBX 120 ($1.49) in a research report report published on Thursday, Digital Look reports. The firm currently has a buy rating on the stock.

LBG Media Stock Performance

Shares of LBG opened at GBX 70.18 ($0.87) on Thursday. LBG Media has a 12 month low of GBX 63 ($0.78) and a 12 month high of GBX 106 ($1.32). The firm has a fifty day simple moving average of GBX 76.70 and a 200 day simple moving average of GBX 82.55. The stock has a market capitalization of £146.73 million, a price-to-earnings ratio of 2,351.67 and a beta of 0.63. The company has a current ratio of 6.25, a quick ratio of 5.33 and a debt-to-equity ratio of 4.48.

Insider Buying and Selling

In other LBG Media news, insider Alexander William Solomou bought 341,929 shares of LBG Media stock in a transaction that occurred on 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 currently owned by corporate 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.