TBC Bank Group (LON:TBCG) Sets New 52-Week High - Should You Buy?

Key Points

• TBC Bank Group PLC's stock reached a new 52-week high of GBX 5,020 ($67.06) during trading, closing at GBX 4,983.84 ($66.58).
• The company has a market capitalization of £2.84 billion and a P/E ratio of 2.27, indicating strong performance metrics in the finance sector.
• TBC Bank operates primarily in Georgia, establishing itself as a leading universal banking group in the region.

TBC Bank Group PLC (LON:TBCG - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 5,020 ($67.43) and last traded at GBX 4,983.84 ($66.94), with a volume of 37522 shares traded. The stock had previously closed at GBX 4,875 ($65.48).

TBC Bank Group Trading Up 0.9%

The company has a market capitalization of £2.71 billion, a price-to-earnings ratio of 2.17, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07. The firm's 50 day moving average price is GBX 4,692.28 and its two-hundred day moving average price is GBX 4,371.43.

TBC Bank Group declared that its board has authorized a share repurchase plan on Friday, August 8th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

TBC Bank Group Company Profile

TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector. TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia.