TBC Bank Group (LON:TBCG) Stock Price Up 0.1% – What’s Next?

TBC Bank Group PLC (LON:TBCG)’s share price traded up 0.1% during mid-day trading on Monday . The stock traded as high as GBX 4,135 and last traded at GBX 4,060.97. 67,980 shares were traded during trading, a decline of 71% from the average session volume of 232,152 shares. The stock had previously closed at GBX 4,055.35.

TBC Bank Group Trading Down 2.0%

The company has a market capitalization of £2.19 billion, a P/E ratio of 1.63, a PEG ratio of 0.80 and a beta of 1.07. The business has a 50 day moving average price of GBX 4,120.04 and a 200 day moving average price of GBX 4,428.76.

TBC Bank Group declared that its Board of Directors has authorized a share repurchase program on Monday, August 18th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

TBC Bank Group Company Profile

TBC Bank Group PLC (“TBC PLC”) is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank (“TBC Bank”) and a group of companies that principally operate in Georgia in the financial sector. TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia.