LBG Media PLC 24.5% potential upside indicated by Berenberg Bank

LBG Media PLC with ticker (LON:LBG) now has a potential upside of 24.5% according to Berenberg Bank.

LBG.L

Berenberg Bank set a target price of 170 GBX for the company, which when compared to the LBG Media PLC share price of 137 GBX at opening today (21/10/2024) indicates a potential upside of 24.5%. Trading has ranged between 63 (52 week low) and 146 (52 week high) with an average of 171,539 shares exchanging hands daily. The market capitalisation at the time of writing is £285,393,790.

LBG Media PLC is a United Kingdom-based company that operates a global digital entertainment business with a focus on young adults and 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 curated a diverse collection of specialist brands using social media platforms (Facebook, Instagram, Snapchat, X, and TikTok). It operates two core routes to market: Direct revenue, which is generated from 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 LBG Media; and Indirect revenue, which is generated via a third-party, such as a social media platform or via a programmatic advertising exchange/online marketplace, which holds the relationship with the brand owner or agency.