Investec started coverage on shares of Bank of Georgia Holdings PLC (LON:BGEO) in a research note published on Wednesday. The brokerage issued a buy rating and a GBX 361 ($4.71) price target on the stock.

BGEO has been the topic of a number of other reports. Jefferies Group increased their target price on shares of Bank of Georgia Holdings PLC from GBX 2,619 ($34.19) to GBX 4,000 ($52.21) and gave the company a buy rating in a research report on Monday, August 22nd. Panmure Gordon reiterated a buy rating and set a GBX 2,400 ($31.33) price target on shares of Bank of Georgia Holdings PLC in a research note on Thursday, August 25th. Numis Securities Ltd reiterated a hold rating and set a GBX 2,841 ($37.08) price target on shares of Bank of Georgia Holdings PLC in a research note on Tuesday, August 16th. Berenberg Bank reiterated a neutral rating and set a GBX 2,960 ($38.64) price target on shares of Bank of Georgia Holdings PLC in a research note on Thursday, August 18th. Finally, Peel Hunt cut shares of Bank of Georgia Holdings PLC to a hold rating and set a GBX 2,600 ($33.94) price target for the company. in a research note on Tuesday, August 16th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of GBX 2,487.43 ($32.47).

Analyst Recommendations for Bank of Georgia Holdings PLC (LON:BGEO)

Bank of Georgia Holdings PLC (LON:BGEO) traded up 0.30% on Wednesday, reaching GBX 3042.00. 9,218 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of GBX 2,904.11 and a 200-day moving average price of GBX 2,554.54. The company’s market capitalization is GBX 1.17 billion. 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.

In related news, insider Kikoria,Murtaz sold 12,800 shares of the firm’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 value 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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