Bank of Georgia Stock Rating Reaffirmed by Cantor Fitzgerald Europe (BGEO)
Bank of Georgia (LON:BGEO)‘s stock had its “buy” rating restated by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Tuesday, Analyst RN reports. They currently have a GBX 3,000 ($50.28) price objective on the stock. Cantor Fitzgerald Europe’s price objective points to a potential upside of 26.48% from the company’s current price.
Shares of Bank of Georgia (LON:BGEO) traded up 4.59% on Tuesday, hitting GBX 2372.00. The stock had a trading volume of 132,311 shares. Bank of Georgia has a 52-week low of GBX 1322.00 and a 52-week high of GBX 2600.00. The stock has a 50-day moving average of GBX 2331.11 and a 200-day moving average of GBX 2092.62.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Bank of Georgia in a research note on Tuesday. They now have a GBX 2,708 ($45.38) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Bank of Georgia in a research note on Monday, January 27th. They now have a GBX 3,000 ($50.28) price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Bank of Georgia from GBX 1,610 ($26.98) to GBX 2,100 ($35.19) in a research note on Friday, November 22nd. They now have a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 2,400.84 ($40.24).
Bank of Georgia Holdings plc (LON:BGEO) is a holding company for JSC Bank of Georgia (the Bank).
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