LBG Media (LON:LBG) Shares Up 7.8%

Shares of LBG Media plc (LON:LBG) were up 7.8% on Wednesday . The company traded as high as GBX 110 ($1.42) and last traded at GBX 110 ($1.42). Approximately 76,944 shares were traded during trading, a decline of 30% from the average daily volume of 109,359 shares. The stock had previously closed at GBX 102 ($1.32).

Analyst Ratings Changes

Separately, Berenberg Bank increased their price objective on shares of LBG Media from GBX 120 ($1.55) to GBX 140 ($1.81) and gave the company a “buy” rating in a research note on Friday, July 5th.

LBG Media Price Performance

The company has a quick ratio of 5.33, a current ratio of 2.85 and a debt-to-equity ratio of 8.41. The company has a 50 day simple moving average of GBX 105.52 and a 200-day simple moving average of GBX 87.75. The stock has a market cap of £248.81 million, a price-to-earnings ratio of 11,000.00 and a beta of 0.61.

Insider Activity

In related news, insider Carol Mary Kane bought 67,230 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were bought at an average cost of GBX 74 ($0.96) per share, for a total transaction of £49,750.20 ($64,343.25). Company insiders own 70.16% of the company’s stock.

LBG Media Company Profile

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.