Bank of Georgia Group (LON:BGEO) Share Price Crosses Below 200-Day Moving Average of $0.00

Shares of Bank of Georgia Group PLC (LON:BGEO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $1,587.00. Bank of Georgia Group shares last traded at $1,613.00, with a volume of 31,398 shares changing hands.

BGEO has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Numis Securities decreased their price objective on Lekoil from GBX 40 ($0.52) to GBX 22 ($0.29) and set a “buy” rating on the stock in a research note on Tuesday, May 14th. Berenberg Bank increased their price objective on from GBX 1,915 ($25.02) to GBX 2,025 ($26.46) and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 920 ($12.02) price objective on shares of Antofagasta in a research note on Wednesday, June 26th.

The company’s 50 day simple moving average is GBX 1,597.56.

Bank of Georgia Group Company Profile (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.

Read More: Book Value Per Share – BVPS

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