LBG Media (LON:LBG) Trading 4.8% Higher – Here’s Why

LBG Media plc (LON:LBG)’s stock price shot up 4.8% during mid-day trading on Wednesday . The company traded as high as GBX 134 ($1.66) and last traded at GBX 133.03 ($1.64). 1,714 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 71,655 shares. The stock had previously closed at GBX 127 ($1.57).

Analysts Set New Price Targets

LBG has been the subject of a number of research reports. Berenberg Bank increased their target price on LBG Media from GBX 140 ($1.73) to GBX 170 ($2.10) and gave the company a “buy” rating in a research report on Wednesday, September 18th. Shore Capital reaffirmed a “buy” rating on shares of LBG Media in a research note on Friday, November 22nd.

LBG Media Stock Up 4.8 %

The company has a market cap of £278.15 million, a PE ratio of 3,325.85 and a beta of 0.83. The company has a fifty day moving average of GBX 128.03 and a two-hundred day moving average of GBX 126.37. The company has a debt-to-equity ratio of 6.88, a quick ratio of 5.33 and a current ratio of 2.43.

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).