Bank of Georgia Group (LON:BGEO) Stock Passes Above 200-Day Moving Average of $3,963.46

Bank of Georgia Group PLC (LON:BGEO) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,963.46 ($50.16) and traded as high as GBX 5,020 ($63.54). Bank of Georgia Group shares last traded at GBX 4,950 ($62.65), with a volume of 52,364 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 5,900 ($74.67) target price on shares of Bank of Georgia Group in a report on Tuesday, February 20th.

Bank of Georgia Group Price Performance

The company has a market capitalization of £2.26 billion, a price-to-earnings ratio of 468.31, a price-to-earnings-growth ratio of 0.88 and a beta of 1.09. The business has a fifty day moving average price of GBX 4,651.05 and a 200 day moving average price of GBX 3,963.46.

About Bank of Georgia Group

Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. It operates through three segments: Retail Banking, Corporate and Investment Banking, and BNB. The Retail Banking segment offers consumer loans, mortgage loans, overdrafts, credit cards, and other credit facilities; funds transfer and settlement services; and customers' deposits for individuals and legal entities under the Express, Bank of Georgia, MSME, and SOLO brands.