TBC Bank Group (LON:TBCG) Receives “Add” Rating from Peel Hunt

TBC Bank Group (LON:TBCG)‘s stock had its “add” rating reissued by equities research analysts at Peel Hunt in a research report issued to clients and investors on Tuesday, Digital Look reports. They presently have a GBX 1,450 ($18.94) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 31.34% from the stock’s current price.

TBC Bank Group stock traded up GBX 28 ($0.37) during trading hours on Tuesday, hitting GBX 1,104 ($14.42). The stock had a trading volume of 54,468 shares, compared to its average volume of 52,408. TBC Bank Group has a 1-year low of GBX 700 ($9.15) and a 1-year high of GBX 1,350 ($17.64). The stock’s fifty day moving average is GBX 1,056.02 and its two-hundred day moving average is GBX 1,151.90.

TBC Bank Group Company Profile

TBC Bank Group PLC, through its subsidiaries, provides banking, leasing, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan. 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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