LBG Media PLC 23.9% potential upside indicated by Berenberg Bank

LBG Media PLC with ticker (LON:LBG) now has a potential upside of 23.9% according to Berenberg Bank.

LBG.L

Berenberg Bank set a target price of 140 GBX for the company, which when compared to the LBG Media PLC share price of 113 GBX at opening today (16/07/2024) indicates a potential upside of 23.9%. Trading has ranged between 63 (52 week low) and 119 (52 week high) with an average of 68,363 shares exchanging hands daily. The market capitalisation at the time of writing is £222,502,612.

LBG Media PLC is a United Kingdom-based multi-brand, multi-channel digital youth publisher and a disrupter in the digital media and social publishing sectors. It produces and distributes digital content across a range of mediums, including video, editorial, image, audio, and experience (virtual and augmented reality). It has a collection of ten core specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, Twitter, YouTube and TikTok) and has built multiple Websites to reach new audiences and drive engagement. It is engaged in the provision of content marketing services to corporates, brand owners, marketing agencies and other entities such as government bodies and where the relationship with the client is held directly by the Company. It provides services through a third-party, such as a social media platform or through a programmatic advertising exchange / online marketplace. It also offers digital media content production and publication for women.