Lion Finance Group (LON:BGEO) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Lion Finance Group PLC (LON:BGEO) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of 8,436.92 and traded as high as 9,990.00. Lion Finance Group shares last traded at 9,990.00, with a volume of 40,910 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their price target on shares of Lion Finance Group from GBX 9,200 to £107 and gave the stock an “overweight” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Lion Finance Group Trading Up 1.4%

The stock has a 50-day simple moving average of 9,524.73 and a 200 day simple moving average of 8,436.92. The company has a market cap of $433.46 billion, a price-to-earnings ratio of 2.11, a PEG ratio of 0.88 and a beta of 1.05.

Lion Finance Group (LON:BGEO) last announced its quarterly earnings data on Tuesday, December 16th. The company reported 633.69 earnings per share (EPS) for the quarter. Lion Finance Group had a return on equity of 38.89% and a net margin of 73.73%. As a group, research analysts forecast that Lion Finance Group PLC will post 1221.6828479 EPS for the current fiscal year.

Insider Buying and Selling

In other Lion Finance Group news, insider Andrew McIntyre acquired 553 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average cost of 9,033.00 per share, with a total value of 4,995,249.00. Also, insider Archil Gachechiladze sold 80,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of 9,209.00, for a total transaction of 736,720,000.00. Company insiders own 8.71% of the company’s stock.

Lion Finance Group Company Profile

Lion Finance Group PLC (formerly Bank of Georgia Group PLC) is a FTSE 250 holding company whose main subsidiaries provide banking and financial services in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks – Bank of Georgia in Georgia and Ameriabank in Armenia. By building on our competitive strengths, we are committed to driving business growth, sustaining high profitability, and generating strong returns, while creating opportunities for our stakeholders and making a positive contribution in the communities where we operate.