Bank of Georgia Group (LON:BGEO) Earns “Add” Rating from Peel Hunt

Peel Hunt reissued their add rating on shares of Bank of Georgia Group (LON:BGEO) in a report issued on Thursday morning, LSE.Co.UK reports. Peel Hunt currently has a GBX 1,900 ($24.83) target price on the stock.

Separately, Peel Hunt reaffirmed an add rating and issued a GBX 1,900 ($24.83) price target on shares of Bank of Georgia Group in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Bank of Georgia Group presently has an average rating of Hold and an average price target of GBX 2,400.20 ($31.36).

Shares of LON:BGEO traded down GBX 17 ($0.22) during midday trading on Thursday, hitting GBX 1,455 ($19.01). The company had a trading volume of 146,042 shares, compared to its average volume of 104,393. Bank of Georgia Group has a twelve month low of GBX 1,220 ($15.94) and a twelve month high of GBX 1,777 ($23.22). The business’s 50-day simple moving average is GBX 1,319.12 and its 200-day simple moving average is GBX 1,492.73.

In related news, insider Archil Gachechiladze purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of GBX 1,477 ($19.30) per share, with a total value of £29,540 ($38,599.24).

About Bank of Georgia Group

Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. It operates through Retail Banking, Corporate Investment Banking, BNB, and Other Banking Business segments. 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, and SOLO brands.

Read More: Return on Investment (ROI)

Analyst Recommendations for Bank of Georgia Group (LON:BGEO)

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