LBG Media (LON:LBG) Trading 6.2% Higher – Still a Buy?

LBG Media plc (LON:LBG) traded up 6.2% during mid-day trading on Monday . The stock traded as high as GBX 137 ($1.79) and last traded at GBX 137 ($1.79). 6,162 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 117,550 shares. The stock had previously closed at GBX 129 ($1.68).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their target price on LBG Media from GBX 140 ($1.83) to GBX 170 ($2.22) and gave the company a “buy” rating in a research report on Wednesday, September 18th.

LBG Media Stock Up 6.2 %

The company has a current ratio of 2.43, a quick ratio of 5.33 and a debt-to-equity ratio of 6.88. The company has a 50-day simple moving average of GBX 132 and a 200 day simple moving average of GBX 108.39. The company has a market cap of £286.44 million, a P/E ratio of 3,425.00 and a beta of 0.83.

Insider Activity

In related news, insider Carol Mary Kane bought 15,700 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of GBX 129 ($1.68) per share, for a total transaction of £20,253 ($26,446.85). Insiders own 70.13% of the company’s stock.

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; UNILAD Sound; ODDSbible; and Tyla.