LBG Media (LON:LBG) Shares Up 6.2% – Time to Buy?

LBG Media plc (LON:LBG)’s share price shot up 6.2% 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 trading, a decline of 95% from the average session volume of 117,550 shares. The stock had previously closed at GBX 129 ($1.68).

Analysts Set New Price Targets

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

LBG Media Stock Down 0.8 %

The company has a market capitalization of £273.89 million, a price-to-earnings ratio of 3,275.00 and a beta of 0.83. The company has a debt-to-equity ratio of 6.88, a quick ratio of 5.33 and a current ratio of 2.43. The business’s 50 day moving average is GBX 132.08 and its 200 day moving average is GBX 108.95.

Insider Activity

In other LBG Media news, insider Carol Mary Kane purchased 15,700 shares of LBG Media stock in a transaction on Tuesday, August 6th. The stock was bought at an average cost of GBX 129 ($1.68) per share, with a total value of £20,253 ($26,446.85). Corporate insiders own 70.13% 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.