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Baltic Classifieds Group Plc ( (GB:BCG) ) has issued an announcement.
Baltic Classifieds Group Plc has announced that the Estonian car market’s recovery has stalled due to new vehicle transaction and ownership taxes, leading to lower than expected revenue from Auto24. Consequently, the company anticipates its overall revenue and profit growth for the year to be 3-4% below previous forecasts, impacting its financial performance and market expectations.
The most recent analyst rating on (GB:BCG) stock is a Buy with a £384.00 price target. To see the full list of analyst forecasts on Baltic Classifieds Group Plc stock, see the GB:BCG Stock Forecast page.
Spark’s Take on GB:BCG Stock
According to Spark, TipRanks’ AI Analyst, GB:BCG is a Outperform.
Baltic Classifieds Group Plc’s strong financial performance and positive corporate events are the primary drivers of its overall score. However, the stock’s high valuation and weak technical indicators temper the outlook. The company’s solid profitability and strategic initiatives provide a robust foundation, but investors should be cautious of the current technical weakness and high valuation.
To see Spark’s full report on GB:BCG stock, click here.
More about Baltic Classifieds Group Plc
Baltic Classifieds Group Plc operates in the online classifieds industry, focusing on providing platforms for various sectors such as automotive, real estate, and jobs across the Baltic region.
Average Trading Volume: 1,072,528
Technical Sentiment Signal: Buy
Current Market Cap: £1.53B
For an in-depth examination of BCG stock, go to TipRanks’ Overview page.