Bgeo Group (LON:BGEO) Upgraded to Add by Numis Securities

Bgeo Group (LON:BGEO) was upgraded by equities researchers at Numis Securities to an “add” rating in a research note issued to investors on Friday, February 16th. The firm presently has a GBX 3,750 ($51.81) target price on the stock. Numis Securities’ price target indicates a potential upside of 7.70% from the stock’s current price.

Several other brokerages have also issued reports on BGEO. Berenberg Bank initiated coverage on Bgeo Group in a research report on Wednesday, January 24th. They set a “hold” rating and a GBX 3,900 ($53.88) target price for the company. Jefferies Group boosted their target price on Bgeo Group from GBX 370 ($5.11) to GBX 400 ($5.53) and gave the company a “buy” rating in a research report on Monday, December 4th. Finally, Peel Hunt restated an “add” rating and set a GBX 4,000 ($55.26) target price on shares of Bgeo Group in a research report on Thursday, November 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Bgeo Group has a consensus rating of “Hold” and a consensus price target of GBX 2,490 ($34.40).

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Shares of Bgeo Group (LON BGEO) traded up GBX 4 ($0.06) during mid-day trading on Friday, hitting GBX 3,482 ($48.11). The stock had a trading volume of 77,130 shares, compared to its average volume of 101,644. Bgeo Group has a 1 year low of GBX 2,978 ($41.14) and a 1 year high of GBX 3,884 ($53.66). The company has a market capitalization of $1,360.00 and a PE ratio of 1,234.75.

In other news, insider David Tsiklauri sold 8,320 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of GBX 3,384 ($46.75), for a total transaction of £281,548.80 ($388,987.01). Also, insider Hanna-Leena Loikkanen purchased 800 shares of Bgeo Group stock in a transaction dated Monday, March 12th. The shares were acquired at an average cost of GBX 3,528 ($48.74) per share, for a total transaction of £28,224 ($38,994.20).

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Bgeo Group Company Profile

BGEO Group PLC, formerly Bank of Georgia Holdings PLC, is a holding company of JSC Bank of Georgia. The Company operates through the segments, which include Banking Business and Investment Business. Its Banking business segment includes Retail Banking (RB), Corporate Banking (CB), Investment Management (IM), and other banking businesses, such as Property & Casualty (P&C) Insurance, Leasing, Payment Services and Banking operations in Belarus (BNB).

Analyst Recommendations for Bgeo Group (LON:BGEO)

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