Numis Securities Reaffirms Buy Rating for Bank of Georgia Group (BGEO)

Numis Securities reissued their buy rating on shares of Bank of Georgia Group (LON:BGEO) in a research report sent to investors on Wednesday. Numis Securities currently has a GBX 2,356 ($30.79) price objective on the stock.

Separately, Peel Hunt reiterated a buy rating and issued a GBX 2,250 ($29.40) target price on shares of Bank of Georgia Group in a research note on Monday, December 10th.

Shares of LON:BGEO opened at GBX 1,566.20 ($20.47) on Wednesday. Bank of Georgia Group has a 52-week low of GBX 3,003 ($39.24) and a 52-week high of GBX 3,884 ($50.75).

In related news, insider David Tsiklauri acquired 1,327 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was purchased at an average cost of GBX 1,360 ($17.77) per share, for a total transaction of £18,047.20 ($23,581.86).

About Bank of Georgia Group

Bank of Georgia Group PLC, through its subsidiaries, provides various banking products and services in Georgia. It operates through three segments: Retail Banking, Corporate Investment Banking, and Belarusky Narodny Bank (BNB). The Retail Banking segment accepts deposits from individuals and legal entities; and offers consumer loans, mortgage loans, overdrafts, credit cards, and other credit facilities, as well as funds transfer and settlement services.

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