TBC Bank Group (LON:TBCG) Receives Buy Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of TBC Bank Group (LON:TBCG) in a report released on Thursday morning, LSE.Co.UK reports. Peel Hunt currently has a GBX 2,015 ($26.33) price objective on the stock.

Separately, Peel Hunt reaffirmed a buy rating and set a GBX 2,015 ($26.33) price target on shares of TBC Bank Group in a research note on Thursday.

Shares of TBCG stock traded down GBX 22 ($0.29) during trading hours on Thursday, reaching GBX 1,330 ($17.38). 26,612 shares of the stock were exchanged, compared to its average volume of 44,508. TBC Bank Group has a 12-month low of GBX 1,124 ($14.69) and a 12-month high of GBX 1,732 ($22.63). The company’s 50-day moving average price is GBX 1,267.92 and its 200-day moving average price is GBX 1,433.12.

In related news, insider Giorgi Shagidze sold 15,000 shares of TBC Bank Group stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of GBX 1,251 ($16.35), for a total transaction of £187,650 ($245,197.96).

About TBC Bank Group

TBC Bank Group PLC, through its subsidiaries, provides banking, leasing, brokerage, and card processing services to corporate and individual customers in Georgia. The company operates through Retail; Corporate; and Micro, Small and Medium Enterprises segments. It offers various current/settlement accounts, and term deposits; mortgage, consumer, retail, and corporate loans, as well as loans for micro, small, and medium enterprises; credit cards, credit lines, letters of credit, and guarantees; and money transfer and currency exchange services.

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