Berenberg Bank Begins Coverage on Baltic Classifieds Group (LON:BCG)

Berenberg Bank started coverage on shares of Baltic Classifieds Group (LON:BCG) in a report published on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a GBX 300 ($3.84) price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a GBX 294 ($3.77) price target on shares of Baltic Classifieds Group in a report on Thursday, July 4th.

Baltic Classifieds Group Trading Up 3.3 %

Baltic Classifieds Group stock opened at GBX 268.50 ($3.44) on Monday. The company has a 50 day moving average price of GBX 240.47 and a 200 day moving average price of GBX 234.72. The company has a debt-to-equity ratio of 16.43, a quick ratio of 2.36 and a current ratio of 2.03. Baltic Classifieds Group has a 52 week low of GBX 171.80 ($2.20) and a 52 week high of GBX 268.50 ($3.44). The firm has a market capitalization of £1.31 billion, a price-to-earnings ratio of 5,370.00, a P/E/G ratio of 1.62 and a beta of 1.38.

Baltic Classifieds Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 12th will be paid a €0.02 ($0.02) dividend. This represents a yield of 0.74%. The ex-dividend date is Thursday, September 12th. This is a positive change from Baltic Classifieds Group’s previous dividend of $0.01. Baltic Classifieds Group’s dividend payout ratio is currently 4,000.00%.

Baltic Classifieds Group Company Profile

Baltic Classifieds Group PLC owns and operates online classifieds portals for automotive, real estate, jobs and services, and general merchandise in Estonia, Latvia, and Lithuania. It operates online classifieds portals for automotive, such as Autoplius.lt and Auto24.ee; real estate portals, including Aruodas.lt, KV.ee, City24.ee, and City24.lv; job and service portals, which include CVbankas.lt, GetaPro.lv, GetaPro.ee, and Paslaugos.lt; and generalist online classifieds portals comprising Skelbiu.lt, Kainos.lt, Osta.ee, and Kuldnebörs.ee.