LBG Media (LON:LBG) Shares Up 4.8% - Here's What Happened

LBG Media plc (LON:LBG - Get Free Report)'s share price was up 4.8% on Wednesday . The stock traded as high as GBX 134 ($1.65) and last traded at GBX 133.03 ($1.64). Approximately 1,714 shares were traded during trading, a decline of 98% from the average daily volume of 71,655 shares. The stock had previously closed at GBX 127 ($1.56).

Wall Street Analysts Forecast Growth

LBG has been the topic of several research analyst reports. Berenberg Bank increased their price objective on LBG Media from GBX 140 ($1.72) to GBX 170 ($2.09) and gave the stock a "buy" rating in a research note on Wednesday, September 18th. Shore Capital restated a "buy" rating on shares of LBG Media in a research note on Friday, November 22nd.

LBG Media Trading Down 0.8 %

The company's fifty day moving average is GBX 127.89 and its 200-day moving average is GBX 126.39. The company has a debt-to-equity ratio of 6.88, a current ratio of 2.43 and a quick ratio of 5.33. The company has a market capitalization of £271.80 million, a PE ratio of 3,250.00 and a beta of 0.83.

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).