Peel Hunt reiterated their add rating on shares of Bank of Georgia Group (LON:BGEO) in a report published on Wednesday, ThisIsMoney.Co.Uk reports.
Other equities analysts have also issued research reports about the stock. Numis Securities lifted their price target on shares of Bank of Georgia Group from GBX 2,216 ($28.96) to GBX 2,356 ($30.79) and gave the company a buy rating in a report on Tuesday, May 14th. Berenberg Bank reduced their target price on shares of Bank of Georgia Group from GBX 2,180 ($28.49) to GBX 1,845 ($24.11) and set a hold rating on the stock in a report on Tuesday, June 4th. Finally, Peel Hunt restated an add rating and set a GBX 1,900 ($24.83) target price on shares of Bank of Georgia Group in a report on Wednesday, June 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 2,400.20 ($31.36).
Shares of BGEO traded down GBX 17 ($0.22) during mid-day trading on Wednesday, reaching GBX 1,336 ($17.46). The company had a trading volume of 17,875 shares, compared to its average volume of 104,393. The company’s fifty day simple moving average is GBX 1,509.88. Bank of Georgia Group has a fifty-two week low of GBX 1,299.60 ($16.98) and a fifty-two week high of GBX 1,927 ($25.18).
Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. It operates through Retail Banking, Corporate Investment Banking, BNB, and Other Banking Business segments. The Retail Banking segment offers consumer loans, mortgage loans, overdrafts, credit cards, and other credit facilities; funds transfer and settlement services; and customers' deposits for individuals and legal entities under the Express, Bank of Georgia, and SOLO brands.
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