Peel Hunt Reiterates Add Rating for Bank of Georgia Group (LON:BGEO)

Bank of Georgia Group (LON:BGEO)‘s stock had its “add” rating reissued by research analysts at Peel Hunt in a report issued on Thursday, LSE.Co.UK reports. They currently have a GBX 1,900 ($24.83) price target on the stock. Peel Hunt’s price target suggests a potential upside of 30.58% from the company’s previous close.

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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 2,400.20 ($31.36).

Shares of LON BGEO traded down GBX 17 ($0.22) during 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 52 week low of GBX 1,220 ($15.94) and a 52 week high of GBX 1,777 ($23.22). The business’s 50-day moving average is GBX 1,319.12 and its 200 day moving average is GBX 1,492.73.

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

Bank of Georgia Group Company Profile

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.

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

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