Numis Securities Ltd Reiterates “Buy” Rating for Bank of Georgia Holdings PLC (BGEO)
Bank of Georgia Holdings PLC (LON:BGEO)‘s stock had its “buy” rating reissued by analysts at Numis Securities Ltd in a note issued to investors on Monday, StockTargetPrices.com reports. They currently have a GBX 355 ($4.63) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential downside of 88.24% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Jefferies Group reaffirmed a “buy” rating and set a GBX 395 ($5.16) target price on shares of Bank of Georgia Holdings PLC in a research note on Monday, August 15th. Berenberg Bank reaffirmed a “neutral” rating and set a GBX 2,960 ($38.64) target price on shares of Bank of Georgia Holdings PLC in a research note on Thursday, August 18th. Peel Hunt cut shares of Bank of Georgia Holdings PLC to a “hold” rating and set a GBX 2,600 ($33.94) target price on the stock. in a research note on Tuesday, August 16th. Investec assumed coverage on shares of Bank of Georgia Holdings PLC in a research note on Wednesday, October 5th. They set a “buy” rating and a GBX 361 ($4.71) target price on the stock. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,400 ($31.33) target price on shares of Bank of Georgia Holdings PLC in a research note on Thursday, August 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 2,132.29 ($27.83).
Bank of Georgia Holdings PLC (LON:BGEO) traded down 0.85% on Monday, reaching GBX 3017.00. 21,960 shares of the company traded hands. The stock’s market capitalization is GBX 1.16 billion. The stock has a 50 day moving average of GBX 2,920.42 and a 200-day moving average of GBX 2,559.14. Bank of Georgia Holdings PLC has a 1-year low of GBX 1,538.00 and a 1-year high of GBX 3,191.00.
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In other news, insider Kikoria,Murtaz sold 12,800 shares of the business’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).
Bank of Georgia Holdings PLC Company Profile
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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