LBG Media (LON:LBG) Hits New 52-Week High at $105.00

LBG Media plc (LON:LBG) hit a new 52-week high during trading on Friday . The company traded as high as GBX 105 ($1.33) and last traded at GBX 105 ($1.33), with a volume of 62029 shares trading hands. The stock had previously closed at GBX 97.25 ($1.24).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their target price on LBG Media from GBX 140 ($1.78) to GBX 120 ($1.53) and set a “buy” rating for the company in a research report on Thursday, April 18th.

LBG Media Stock Performance

The firm has a market capitalization of £217.44 million, a price-to-earnings ratio of 10,400.00 and a beta of 0.61. The firm’s 50-day moving average price is GBX 76.43 and its two-hundred day moving average price is GBX 81.28. The company has a debt-to-equity ratio of 8.41, a quick ratio of 5.33 and a current ratio of 2.85.

Insiders Place Their Bets

In related news, insider Alexander William Solomou acquired 341,929 shares of the stock in a transaction dated Thursday, April 18th. The shares were bought at an average cost of GBX 73 ($0.93) per share, for a total transaction of £249,608.17 ($317,244.75). In other news, insider Alexander William Solomou bought 341,929 shares of LBG Media stock in a transaction dated Thursday, April 18th. The shares were bought at an average price of GBX 73 ($0.93) per share, for a total transaction of £249,608.17 ($317,244.75). Also, insider Carol Mary Kane bought 67,230 shares of the stock in a transaction dated Thursday, April 25th. The stock was purchased at an average cost of GBX 74 ($0.94) per share, for a total transaction of £49,750.20 ($63,231.06). Corporate insiders own 65.53% 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.