Bank of Georgia Holdings PLC (LON:BGEO) was downgraded by Numis Securities Ltd to an “add” rating in a research report issued on Wednesday. They presently have a GBX 420 ($5.25) price target on the stock. Numis Securities Ltd’s target price suggests a potential downside of 86.60% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Peel Hunt cut shares of Bank of Georgia Holdings PLC to a “hold” rating and set a GBX 2,600 ($32.48) price target for the company. in a report on Tuesday, August 16th. Investec started coverage on shares of Bank of Georgia Holdings PLC in a report on Wednesday, October 5th. They set a “buy” rating and a GBX 361 ($4.51) target price for the company. Jefferies Group reissued a “buy” rating and set a GBX 395 ($4.94) target price on shares of Bank of Georgia Holdings PLC in a report on Monday, August 15th. Panmure Gordon reissued a “buy” rating and set a GBX 2,400 ($29.99) target price on shares of Bank of Georgia Holdings PLC in a report on Thursday, August 25th. Finally, Berenberg Bank reissued a “neutral” rating and set a GBX 2,960 ($36.98) target price on shares of Bank of Georgia Holdings PLC in a report on Thursday, August 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 2,141.57 ($26.76).

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

Shares of Bank of Georgia Holdings PLC (LON:BGEO) traded down 1.40% during trading on Wednesday, hitting GBX 3091.00. The stock had a trading volume of 47,823 shares. 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. The firm’s 50 day moving average is GBX 2,957.62 and its 200 day moving average is GBX 2,753.96. The company’s market cap is GBX 1.18 billion.

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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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