Bank of Georgia Group (LON:BGEO) Shares Down 9.7%

Bank of Georgia Group PLC (LON:BGEO - Get Free Report)'s share price dropped 9.7% during mid-day trading on Wednesday . The stock traded as low as GBX 4,245 ($53.32) and last traded at GBX 4,260 ($53.50). Approximately 162,535 shares traded hands during mid-day trading, an increase of 107% from the average daily volume of 78,425 shares. The stock had previously closed at GBX 4,720 ($59.28).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 5,900 ($74.10) target price on shares of Bank of Georgia Group in a report on Tuesday, February 20th.

Bank of Georgia Group Stock Performance

The firm has a fifty day simple moving average of GBX 4,997.81 and a 200-day simple moving average of GBX 4,220.15. The firm has a market cap of £1.86 billion, a price-to-earnings ratio of 457.64, a P/E/G ratio of 0.88 and a beta of 1.08.

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 three segments: Retail Banking, Corporate and Investment Banking, and BNB. 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, MSME, and SOLO brands.