LBG Media (LON:LBG) Shares Down 2.3% – Here’s Why

LBG Media plc (LON:LBG) fell 2.3% on Tuesday . The stock traded as low as GBX 130 ($1.69) and last traded at GBX 130 ($1.69). 10,232 shares were traded during trading, a decline of 91% from the average session volume of 113,479 shares. The stock had previously closed at GBX 133 ($1.73).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their target price on LBG Media from GBX 140 ($1.82) to GBX 170 ($2.21) and gave the company a “buy” rating in a research note on Wednesday, September 18th.

LBG Media Trading Down 2.3 %

The company’s 50 day simple moving average is GBX 133.34 and its 200 day simple moving average is GBX 115.23. The firm has a market cap of £271.80 million, a price-to-earnings ratio of 3,250.00 and a beta of 0.83. The company has a debt-to-equity ratio of 6.88, a current ratio of 2.43 and a quick ratio of 5.33.

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.