TBC Bank Group (LON:TBCG) Shares Up 1.4% – Here’s Why

TBC Bank Group PLC (LON:TBCG) shares shot up 1.4% on Monday . The company traded as high as GBX 4,852.71 and last traded at GBX 4,828. Approximately 81,475 shares were traded during mid-day trading, a decline of 82% from the average session volume of 452,264 shares. The stock had previously closed at GBX 4,762.

TBC Bank Group Trading Up 1.4%

The firm has a market cap of £2.66 billion, a P/E ratio of 1.87, a PEG ratio of 0.80 and a beta of 0.66. The company’s 50-day moving average is GBX 4,544.93 and its two-hundred day moving average is GBX 4,456.26.

TBC Bank Group Company Profile

TBC Bank Group PLC (“TBC PLC”) is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank (“TBC Bank”) and a group of companies that principally operate in Georgia in the financial sector. TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country.