Berenberg Bank Lowers LBG Media (LON:LBG) Price Target to GBX 120

LBG Media (LON:LBG) had its price objective lowered by Berenberg Bank from GBX 140 ($1.74) to GBX 120 ($1.49) in a report released on Thursday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 71.43% from the company’s previous close.

LBG Media Stock Down 1.4 %

LON:LBG opened at GBX 70 ($0.87) on Thursday. The firm has a market capitalization of £146.36 million, a P/E ratio of 2,333.33 and a beta of 0.63. LBG Media has a 1-year low of GBX 63 ($0.78) and a 1-year high of GBX 106 ($1.32). The company’s fifty day moving average price is GBX 76.39 and its 200-day moving average price is GBX 82.47. The company has a debt-to-equity ratio of 4.48, a current ratio of 6.25 and a quick ratio of 5.33.

Insider Transactions at LBG Media

In other LBG Media news, insider Alexander William Solomou acquired 341,929 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were purchased at an average price of GBX 73 ($0.91) per share, for a total transaction of £249,608.17 ($310,728.46). Company insiders own 65.32% 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; ODDSbible; UNILAD Sound; and Tyla.