Bank of Georgia Group (LON:BGEO) Share Price Crosses Above Two Hundred Day Moving Average of $2,435.81

Bank of Georgia Group PLC (LON:BGEO – Get Rating) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,435.81 ($29.69) and traded as high as GBX 2,590 ($31.57). Bank of Georgia Group shares last traded at GBX 2,580 ($31.44), with a volume of 129,858 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Numis Securities boosted their price objective on Bank of Georgia Group from GBX 4,777 ($58.22) to GBX 5,752 ($70.10) and gave the company a “buy” rating in a research report on Thursday, February 16th.

Bank of Georgia Group Stock Up 6.0 %

The firm has a market capitalization of £1.22 billion, a P/E ratio of 263.53, a PEG ratio of 0.88 and a beta of 1.18. The business has a 50-day moving average price of GBX 2,718.68 and a 200-day moving average price of GBX 2,435.81.

About Bank of Georgia Group

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Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services primarily 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.