LBG Media (LON:LBG) Price Target Increased to GBX 170 by Analysts at Berenberg Bank

LBG Media (LON:LBG) had its price objective increased by equities research analysts at Berenberg Bank from GBX 140 ($1.85) to GBX 170 ($2.25) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 26.87% from the company’s previous close.

LBG Media Stock Performance

LBG stock opened at GBX 134 ($1.77) on Wednesday. LBG Media has a 1 year low of GBX 63 ($0.83) and a 1 year high of GBX 146 ($1.93). The stock has a market capitalization of £280.17 million, a price-to-earnings ratio of 3,350.00 and a beta of 0.83. The company has a debt-to-equity ratio of 8.41, a quick ratio of 5.33 and a current ratio of 2.85. The stock’s fifty day moving average is GBX 125.23 and its two-hundred day moving average is GBX 101.07.

Insider Buying and Selling at LBG Media

In other LBG Media news, insider Carol Mary Kane acquired 15,700 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of GBX 129 ($1.70) per share, with a total value of £20,253 ($26,754.29). 70.13% of the stock is currently owned by company insiders.

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.