Lion Finance Group (LON:BGEO) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Shares of Lion Finance Group PLC (LON:BGEO) have crossed above their 200-day moving average, indicating potential bullish momentum, with the stock last trading at 7,660.00.
• Analysts from JPMorgan Chase & Co. have initiated coverage on Lion Finance Group, giving it an "overweight" rating and a price target of GBX 9,200.
• The company's recent earnings report indicated a substantial earnings per share of 317.91 for the quarter, with an expected annual EPS of approximately 1,221.68.

Shares of Lion Finance Group PLC (LON:BGEO - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of 6,939.45 and traded as high as 7,740.00. Lion Finance Group shares last traded at 7,660.00, with a volume of 119,459 shares traded.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. assumed coverage on Lion Finance Group in a research report on Tuesday, October 7th. They set an "overweight" rating and a GBX 9,200 price objective on the stock. One research 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 1.8%

The business has a 50-day moving average price of 7,550.37 and a 200-day moving average price of 6,939.45. The firm has a market cap of $340.75 billion, a P/E ratio of 1.68, a P/E/G ratio of 0.88 and a beta of 1.05.

Lion Finance Group (LON:BGEO - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The company reported 317.91 earnings per share for the quarter. Lion Finance Group had a return on equity of 38.89% and a net margin of 73.73%. On average, equities analysts anticipate that Lion Finance Group PLC will post 1221.6828479 earnings per share for the current fiscal year.

Insider Activity at Lion Finance Group

In other Lion Finance Group news, insider Andrew McIntyre purchased 297 shares of the stock in a transaction dated Friday, August 22nd. The stock was purchased at an average price of 7,515.00 per share, with a total value of 2,231,955.00. Also, insider Karine Hirn acquired 1,350 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were acquired at an average price of 7,500.00 per share, for a total transaction of 10,125,000.00. 8.67% of the stock is currently owned by corporate insiders.

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 focused in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks – Bank of Georgia in Georgia and Ameriabank in Armenia.

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