Bank of Georgia Holdings PLC (BGEO) Lifted to “Buy” at Numis Securities Ltd
Bank of Georgia Holdings PLC (LON:BGEO) was upgraded by investment analysts at Numis Securities Ltd to a “buy” rating in a report released on Thursday. The brokerage currently has a GBX 3,657 ($45.37) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 23.59% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on BGEO. Berenberg Bank restated a “neutral” rating and set a GBX 2,960 ($36.72) price target on shares of Bank of Georgia Holdings PLC in a report on Thursday, August 18th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,400 ($29.77) 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 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 report on Monday, August 22nd. Investec began coverage on Bank of Georgia Holdings PLC in a research report on Wednesday, October 5th. They set a “buy” rating and a GBX 361 ($4.48) target price on the stock. Finally, Peel Hunt raised Bank of Georgia Holdings PLC to an “add” rating in a research report on Tuesday, November 22nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,604 ($32.30).
Bank of Georgia Holdings PLC (LON:BGEO) opened at 3037.00 on Thursday. The company’s market capitalization is GBX 1.16 billion. The firm’s 50-day moving average is GBX 2,959.50 and its 200-day moving average is GBX 2,775.61. 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.
In related news, insider Irakli Gilauri sold 99,331 shares of the stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of GBX 2,992 ($37.12), for a total value of £2,971,983.52 ($3,686,867.04).
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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