Bank of Georgia Group (BGEO) Price Target Cut to GBX 1,845 by Analysts at Berenberg Bank
Bank of Georgia Group (LON:BGEO) had its target price cut by Berenberg Bank from GBX 2,180 ($28.49) to GBX 1,845 ($24.11) in a research note issued to investors on Tuesday morning, Digital Look reports. They currently have a hold rating on the stock.
A number of other analysts have also weighed in on BGEO. Peel Hunt reaffirmed an add rating on shares of Bank of Georgia Group in a research note on Tuesday, May 14th. Numis Securities upped their price objective on shares of Bank of Georgia Group from GBX 2,216 ($28.96) to GBX 2,356 ($30.79) and gave the stock a buy rating in a research note on Tuesday, May 14th. Finally, Jefferies Financial Group reaffirmed a buy rating and issued a GBX 4,000 ($52.27) price objective on shares of Bank of Georgia Group in a research note on Tuesday, February 19th.
Shares of BGEO traded down GBX 15 ($0.20) during trading hours on Tuesday, reaching GBX 1,615 ($21.10). 50,806 shares of the company traded hands, compared to its average volume of 104,393. Bank of Georgia Group has a 12-month low of GBX 1,299.60 ($16.98) and a 12-month high of GBX 2,110.50 ($27.58).
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.
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