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 Berenberg Bank from GBX 140 ($1.85) to GBX 170 ($2.25) in a research note released on Wednesday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

LBG Media Price Performance

Shares of LON:LBG opened at GBX 139 ($1.84) on Wednesday. The business’s 50 day simple moving average is GBX 126.45 and its 200-day simple moving average is GBX 101.83. The firm has a market capitalization of £290.62 million, a price-to-earnings ratio of 3,475.00 and a beta of 0.83. The company has a debt-to-equity ratio of 8.41, a current ratio of 2.85 and a quick ratio of 5.33. LBG Media has a 12 month low of GBX 63 ($0.83) and a 12 month high of GBX 146 ($1.93).

Insider Buying and Selling at LBG Media

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