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

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

LBG Media Trading Up 0.7 %

LON LBG opened at GBX 137 ($1.81) on Wednesday. The company’s fifty day moving average price is GBX 124.12 and its two-hundred day moving average price is GBX 100.48. 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). The company has a market capitalization of £286.44 million, a price-to-earnings ratio of 13,700.00 and a beta of 0.83.

Insider Transactions at LBG Media

In other LBG Media news, insider Carol Mary Kane purchased 15,700 shares of LBG Media stock in a transaction dated Tuesday, August 6th. The shares were bought 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.