LBG Media (LON:LBG) Earns Buy Rating from Berenberg Bank

LBG Media (LON:LBG)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They presently have a GBX 50 target price on the stock. Berenberg Bank‘s price target suggests a potential upside of 59.74% from the company’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 50 price target on shares of LBG Media in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, LBG Media presently has a consensus rating of “Buy” and an average price target of GBX 50.

LBG Media Stock Performance

Shares of LBG stock opened at GBX 31.30 on Wednesday. The stock has a market cap of £65.44 million, a PE ratio of 11.59 and a beta of 0.58. The stock has a 50-day moving average of GBX 31.05 and a 200-day moving average of GBX 46.09. The company has a debt-to-equity ratio of 3.88, a current ratio of 3.27 and a quick ratio of 5.33. LBG Media has a one year low of GBX 20.68 and a one year high of GBX 95.

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.