Bank of Georgia Group PLC (LON:BGEO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,318.42 ($17.23) and traded as high as GBX 1,574 ($20.56). Bank of Georgia Group shares last traded at GBX 1,548 ($20.22), with a volume of 22,654 shares traded.
Separately, Numis Securities upped their target price on shares of Bank of Georgia Group from GBX 2,075 ($27.11) to GBX 2,232 ($29.16) and gave the stock a “buy” rating in a research report on Monday, June 14th.
The firm’s fifty day moving average price is GBX 1,531.06 and its 200-day moving average price is GBX 1,321.83.
Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. It operates through three segments: Retail Banking, Corporate and Investment Banking, and BNB. 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, MSME, and SOLO brands.
Further Reading: How does equity income fit into an investing strategy?
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.