Bank of Georgia Holdings PLC’s (BGEO) Buy Rating Reiterated at Numis Securities Ltd
Bank of Georgia Holdings PLC (LON:BGEO)‘s stock had its “buy” rating reissued by research analysts at Numis Securities Ltd in a report released on Monday, StockTargetPrices.com reports. They currently have a GBX 355 ($4.63) target price on the stock. Numis Securities Ltd’s target price would indicate a potential downside of 88.24% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Jefferies Group reiterated a “buy” rating and set a GBX 395 ($5.16) price target on shares of Bank of Georgia Holdings PLC in a research note on Monday, August 15th. Berenberg Bank reiterated a “neutral” rating and set a GBX 2,960 ($38.64) price target on shares of Bank of Georgia Holdings PLC in a research note on Thursday, August 18th. Peel Hunt downgraded Bank of Georgia Holdings PLC to a “hold” rating and set a GBX 2,600 ($33.94) price target for the company. in a research note on Tuesday, August 16th. Investec began coverage on Bank of Georgia Holdings PLC in a research note on Wednesday, October 5th. They set a “buy” rating and a GBX 361 ($4.71) price target for the company. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 2,400 ($31.33) price target on shares of Bank of Georgia Holdings PLC in a research note on Thursday, August 25th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 2,132.29 ($27.83).
Shares of Bank of Georgia Holdings PLC (LON:BGEO) traded down 1.08% during mid-day trading on Monday, hitting GBX 3010.00. The stock had a trading volume of 41,156 shares. The stock has a 50 day moving average of GBX 2,920.42 and a 200-day moving average of GBX 2,559.14. The stock’s market capitalization is GBX 1.15 billion. Bank of Georgia Holdings PLC has a 52 week low of GBX 1,538.00 and a 52 week high of GBX 3,191.00.
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In other news, insider Kikoria,Murtaz sold 12,800 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of GBX 2,793 ($36.46), for a total transaction of £357,504 ($466,654.48).
About Bank of Georgia Holdings PLC
BGEO Group PLC, formerly Bank of Georgia Holdings PLC, is a holding company of JSC Bank of Georgia. The Company operates through the segments, which include Banking Business and Investment Business. Its Banking business segment includes Retail Banking (RB), Corporate Banking (CB), Investment Management (IM), and other banking businesses, such as Property & Casualty (P&C) Insurance, Leasing, Payment Services and Banking operations in Belarus (BNB).
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