LBG Media (LON:LBG) Shares Up 1.8% – Here’s What Happened

LBG Media plc (LON:LBG) traded up 1.8% during trading on Friday . The stock traded as high as GBX 34.20 and last traded at GBX 34.20. 281,425 shares were traded during trading, a decline of 7% from the average daily volume of 301,310 shares. The stock had previously closed at GBX 33.60.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on shares of LBG Media from GBX 45 to GBX 50 and gave the company a “buy” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 50.

LBG Media Trading Up 1.8%

The company has a market capitalization of £71.51 million, a PE ratio of 12.67 and a beta of 0.59. The company has a current ratio of 3.27, a quick ratio of 5.33 and a debt-to-equity ratio of 3.88. The stock has a fifty day moving average of GBX 31.75 and a two-hundred day moving average of GBX 48.78.

LBG Media (LON:LBG) last released its earnings results on Tuesday, June 9th. The company reported GBX 0.60 earnings per share for the quarter. LBG Media had a return on equity of 13.81% and a net margin of 11.52%.The company had revenue of GBX 5,236 million during the quarter. As a group, sell-side analysts anticipate that LBG Media plc will post 8.3434836 earnings per share for the current fiscal year.

About LBG Media

LBG Media is a multi-brand, multi-channel digital youth publisher and is a leading disrupter in the digital media and social publishing sectors. The Group produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience (virtual and augmented reality). Since its inception in 2012, the Group has curated a diverse collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, Youtube and TikTok) and has built multiple websites to reach new audiences and drive engagement.