TBC Bank Group (LON:TBCG) Shares Down 12.6% - Here's Why

Key Points

• TBC Bank Group's shares plummeted by 12.6% on Friday, closing at GBX 4,430 ($59.58) after trading as low as GBX 4,218.06 ($56.72).
• The average daily trading volume decreased significantly, with approximately 127,991 shares traded, marking a decline of 41% from the usual volume of 217,861 shares.
• TBC Bank Group has a market capitalization of £2.71 billion and a PE ratio of 2.17, indicating its current valuation metrics.

TBC Bank Group PLC (LON:TBCG - ) shares dropped 12.6% during trading on Friday . The company traded as low as GBX 4,218.06 ($56.72) and last traded at GBX 4,430 ($59.58). Approximately 127,991 shares changed hands during trading, a decline of 41% from the average daily volume of 217,861 shares. The stock had previously closed at GBX 5,070 ($68.18).

TBC Bank Group Stock Performance

The company's 50-day moving average price is GBX 4,680.73 and its 200 day moving average price is GBX 4,332.45. The stock has a market capitalization of £2.71 billion, a PE ratio of 2.17, a PEG ratio of 0.80 and a beta of 1.07.

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.

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