Berenberg Bank Increases LBG Media (LON:LBG) Price Target to GBX 170

LBG Media (LON:LBG) had its target price increased by equities research analysts at Berenberg Bank from GBX 140 ($1.85) to GBX 170 ($2.25) in a research report issued on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 24.09% from the company’s previous close.

LBG Media Price Performance

LBG Media stock opened at GBX 137 ($1.81) on Wednesday. LBG Media has a 52-week low of GBX 63 ($0.83) and a 52-week high of GBX 146 ($1.93). The firm has a fifty day moving average of GBX 124.12 and a 200-day moving average of GBX 100.48. The firm has a market capitalization of £286.44 million, a P/E ratio of 13,700.00 and a beta of 0.83. The company has a quick ratio of 5.33, a current ratio of 2.85 and a debt-to-equity ratio of 8.41.

Insider Activity

In other news, insider Carol Mary Kane bought 15,700 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of GBX 129 ($1.70) per share, for a total transaction of £20,253 ($26,754.29). Insiders own 70.13% of the company’s stock.

About LBG Media

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.