Bank of Georgia Holdings PLC (LON:BGEO) was upgraded by equities research analysts at Peel Hunt to an “add” rating in a report issued on Tuesday.

A number of other equities analysts have also issued reports on BGEO. Jefferies Group restated a “buy” rating and set a GBX 280 ($3.50) target price on shares of Bank of Georgia Holdings PLC in a research report on Monday, July 25th. Numis Securities Ltd restated a “buy” rating and set a GBX 265 ($3.31) target price on shares of Bank of Georgia Holdings PLC in a research report on Tuesday, August 9th. Berenberg Bank restated a “neutral” rating and set a GBX 2,960 ($36.98) target price on shares of Bank of Georgia Holdings PLC in a research report on Thursday, August 18th. Panmure Gordon restated a “buy” rating and set a GBX 2,400 ($29.99) target price on shares of Bank of Georgia Holdings PLC in a research report on Thursday, August 25th. Finally, Investec initiated 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 ($4.51) target price on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target 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) opened at 3113.00 on Tuesday. The company has a 50-day moving average of GBX 2,960.51 and a 200 day moving average of GBX 2,759.82. The stock’s market cap is GBX 1.19 billion. Bank of Georgia Holdings PLC has a one year low of GBX 1,538.00 and a one year high of GBX 3,191.00.

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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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