Numis Securities Ltd Reiterates “Buy” Rating for Bank of Georgia Holdings PLC (BGEO)
Bank of Georgia Holdings PLC (LON:BGEO)‘s stock had its “buy” rating restated by investment analysts at Numis Securities Ltd in a research note issued on Monday. They presently have a GBX 355 ($4.63) target price on the stock. Numis Securities Ltd’s target price would suggest a potential downside of 88.24% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Investec started coverage on shares of Bank of Georgia Holdings PLC in a research report on Wednesday, October 5th. They set a “buy” rating and a GBX 361 ($4.71) target price for the company. Panmure Gordon restated a “buy” rating and set a GBX 2,400 ($31.33) target price on shares of Bank of Georgia Holdings PLC in a research report on Thursday, August 25th. Jefferies Group upped 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 stock a “buy” rating in a research report on Monday, August 22nd. Peel Hunt lowered shares of Bank of Georgia Holdings PLC to a “hold” rating and set a GBX 2,600 ($33.94) target price for the company. in a research report on Tuesday, August 16th. Finally, Berenberg Bank reaffirmed 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 2,132.29 ($27.83).
Shares of Bank of Georgia Holdings PLC (LON:BGEO) traded down 0.85% during midday trading on Monday, reaching GBX 3017.00. 21,960 shares of the company’s stock were exchanged. The stock’s 50 day moving average is GBX 2,920.42 and its 200-day moving average is GBX 2,559.14. Bank of Georgia Holdings PLC has a 12-month low of GBX 1,538.00 and a 12-month high of GBX 3,191.00. The stock’s market cap is GBX 1.16 billion.
In other news, insider Kikoria,Murtaz sold 12,800 shares of the stock in a transaction on 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).
About Bank of Georgia Holdings PLC
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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