Bank of Georgia Group PLC (LON:BGEO) Insider Acquires £29,540 in Stock

Bank of Georgia Group PLC (LON:BGEO) insider Archil Gachechiladze bought 2,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of GBX 1,477 ($19.30) per share, for a total transaction of £29,540 ($38,599.24).

Shares of LON BGEO traded down GBX 17 ($0.22) during midday trading on Friday, reaching GBX 1,455 ($19.01). 116,277 shares of the company were exchanged, compared to its average volume of 104,393. The stock’s 50-day moving average price is GBX 1,316.64 and its 200-day moving average price is GBX 1,494.14. Bank of Georgia Group PLC has a one year low of GBX 1,220 ($15.94) and a one year high of GBX 1,777 ($23.22).

A number of research firms have weighed in on BGEO. Peel Hunt reaffirmed an “add” rating and set a GBX 1,900 ($24.83) target price on shares of Bank of Georgia Group in a research note on Thursday. Peel Hunt reaffirmed an “add” rating and set a GBX 1,900 ($24.83) target price on shares of Bank of Georgia Group in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 2,400.20 ($31.36).

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 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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