Bank of Georgia Group’s (BGEO) Add Rating Reiterated at Peel Hunt

Bank of Georgia Group (LON:BGEO)‘s stock had its “add” rating restated by analysts at Peel Hunt in a research note issued to investors on Wednesday, June 26th, Digital Look reports. They presently have a GBX 1,900 ($24.83) target price on the stock. Peel Hunt’s target price would suggest a potential upside of 17.72% from the stock’s previous close.

Several other equities research analysts have also weighed in on BGEO. Berenberg Bank raised their target price on from GBX 1,915 ($25.02) to GBX 2,025 ($26.46) and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Numis Securities cut their target price on Lekoil from GBX 40 ($0.52) to GBX 22 ($0.29) and set a “buy” rating on the stock in a research report on Tuesday, May 14th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 2,400.20 ($31.36).

Shares of LON:BGEO traded down GBX 2 ($0.03) during midday trading on Wednesday, hitting GBX 1,614 ($21.09). The company’s stock had a trading volume of 34,488 shares, compared to its average volume of 104,393. Bank of Georgia Group has a fifty-two week low of GBX 1,299.60 ($16.98) and a fifty-two week high of GBX 1,957 ($25.57). The stock’s 50 day moving average is GBX 1,587.82.

About Bank of Georgia Group

Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. It operates through Retail Banking, Corporate Investment Banking, BNB, and Other Banking Business segments. The Retail Banking segment offers consumer loans, mortgage loans, overdrafts, credit cards, and other credit facilities; funds transfer and settlement services; and customers' deposits for individuals and legal entities under the Express, Bank of Georgia, and SOLO brands.

Featured Story: How is a price target determined?

Analyst Recommendations for Bank of Georgia Group (LON:BGEO)

Receive News & Ratings for Bank of Georgia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Georgia Group and related companies with's FREE daily email newsletter.