Baltic Classifieds Group (LON:BCG) Sets New 12-Month High – What’s Next?

Baltic Classifieds Group PLC (LON:BCG) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 320 ($4.18) and last traded at GBX 315.50 ($4.12), with a volume of 7574 shares. The stock had previously closed at GBX 309.50 ($4.04).

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BCG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 294 ($3.84) price target on shares of Baltic Classifieds Group in a research note on Thursday, July 4th. Berenberg Bank started coverage on Baltic Classifieds Group in a research note on Monday, July 8th. They set a “buy” rating and a GBX 300 ($3.92) target price on the stock.

Baltic Classifieds Group Trading Up 1.7 %

The business’s 50-day moving average is GBX 284.70 and its 200 day moving average is GBX 257.44. The firm has a market capitalization of £1.51 billion, a P/E ratio of 6,190.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The company has a debt-to-equity ratio of 15.05, a current ratio of 2.20 and a quick ratio of 2.36.

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.