Bank of Georgia Group (LON:BGEO) Share Price Crosses Above 200-Day Moving Average of $4,163.53

Bank of Georgia Group PLC (LON:BGEO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,163.53 ($52.31) and traded as high as GBX 4,770 ($59.92). Bank of Georgia Group shares last traded at GBX 4,680 ($58.79), with a volume of 91,952 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 5,900 ($74.12) price objective on shares of Bank of Georgia Group in a report on Tuesday, February 20th.

Bank of Georgia Group Stock Performance

The company has a 50 day moving average of GBX 5,000.41 and a 200 day moving average of GBX 4,163.53. The firm has a market cap of £2.16 billion, a P/E ratio of 520.58, a PEG ratio of 0.88 and a beta of 1.10.

Bank of Georgia Group Company Profile

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.