Bank of Georgia Group (LON:BGEO) Shares Pass Below 200-Day Moving Average of $1,465.64

Shares of Bank of Georgia Group PLC (LON:BGEO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1,465.64 and traded as low as $1,439.00. Bank of Georgia Group shares last traded at $1,451.00, with a volume of 51,985 shares changing hands.

A number of brokerages recently commented on BGEO. Peel Hunt reiterated an “add” rating and issued a GBX 1,900 ($24.83) target price on shares of Bank of Georgia Group in a research report on Thursday, November 7th. Peel Hunt restated an “add” rating and set a GBX 1,900 ($24.83) price target on shares of Bank of Georgia Group in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,400.20 ($31.36).

The firm has a fifty day moving average of GBX 1,389.18 and a two-hundred day moving average of GBX 1,464.38.

In other news, insider Archil Gachechiladze bought 2,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of GBX 1,477 ($19.30) per share, for a total transaction of £29,540 ($38,599.24).

About Bank of Georgia Group (LON:BGEO)

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.

See Also: What factors cause inflation to rise?

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 MarketBeat.com's FREE daily email newsletter.