Bank of Georgia Holdings PLC (LON:BGEO) has been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the firm. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 2,065.17 ($25.62).

Several analysts recently weighed in on the company. Numis Securities Ltd cut Bank of Georgia Holdings PLC to an “add” rating and set a GBX 420 ($5.21) price target for the company. in a report on Wednesday, November 23rd. Berenberg Bank restated a “neutral” rating and set a GBX 2,960 ($36.72) price objective on shares of Bank of Georgia Holdings PLC in a research note on Thursday, August 18th. Panmure Gordon restated a “buy” rating and set a GBX 2,400 ($29.77) price objective on shares of Bank of Georgia Holdings PLC in a research note on Thursday, August 25th. Jefferies Group raised their price objective on Bank of Georgia Holdings PLC from GBX 2,619 ($32.49) to GBX 4,000 ($49.62) and gave the stock a “buy” rating in a research note on Monday, August 22nd. Finally, Investec initiated coverage on Bank of Georgia Holdings PLC in a research note on Wednesday, October 5th. They set a “buy” rating and a GBX 361 ($4.48) price objective on the stock.

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Bank of Georgia Holdings PLC (LON:BGEO) opened at 3001.00 on Friday. Bank of Georgia Holdings PLC has a 52 week low of GBX 1,538.00 and a 52 week high of GBX 3,191.00. The firm’s market cap is GBX 1185.40 billion. The stock’s 50 day moving average price is GBX 2,959.50 and its 200 day moving average price is GBX 2,775.61.

In other news, insider Irakli Gilauri sold 29,916 shares of Bank of Georgia Holdings PLC stock in a transaction on Monday, November 28th. The stock was sold at an average price of GBX 3,051 ($37.85), for a total value of £912,737.16 ($1,132,287.76).

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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