Baltic Classifieds Group (LON:BCG) Earns Buy Rating from Analysts at Berenberg Bank

Berenberg Bank began coverage on shares of Baltic Classifieds Group (LON:BCG) in a research report report published on Monday, MarketBeat.com reports. The brokerage issued a buy rating and a GBX 300 ($3.84) price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 294 ($3.77) target price on shares of Baltic Classifieds Group in a research report on Thursday, July 4th.

Baltic Classifieds Group Stock Performance

Shares of Baltic Classifieds Group stock opened at GBX 260 ($3.33) on Monday. The stock has a market cap of £1.27 billion, a PE ratio of 5,180.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38. The business has a fifty day simple moving average of GBX 240.05 and a 200-day simple moving average of GBX 234.54. The company has a quick ratio of 2.36, a current ratio of 2.03 and a debt-to-equity ratio of 16.43. Baltic Classifieds Group has a 12 month low of GBX 171.80 ($2.20) and a 12 month high of GBX 266.50 ($3.41).

Baltic Classifieds Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 12th will be issued a dividend of €0.02 ($0.02) per share. This represents a dividend yield of 0.74%. This is a positive change from Baltic Classifieds Group’s previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, September 12th. Baltic Classifieds Group’s dividend payout ratio (DPR) is currently 4,000.00%.

Baltic Classifieds Group Company Profile

Baltic Classifieds Group PLC owns and operates online classifieds portals for automotive, real estate, jobs and services, and general merchandise in Estonia, Latvia, and Lithuania. It operates online classifieds portals for automotive, such as Autoplius.lt and Auto24.ee; real estate portals, including Aruodas.lt, KV.ee, City24.ee, and City24.lv; job and service portals, which include CVbankas.lt, GetaPro.lv, GetaPro.ee, and Paslaugos.lt; and generalist online classifieds portals comprising Skelbiu.lt, Kainos.lt, Osta.ee, and Kuldnebörs.ee.