TBC Bank Group (LON:TBCG) Trading Up 1.5% - Should You Buy?

Key Points

• TBC Bank Group PLC shares rose by 1.5%, trading at GBX 4,892.25 ($65.05) after reaching a high of GBX 4,920 ($65.42) during the day.
• The company has a market capitalization of £2.78 billion and a P/E ratio of 2.23, indicating potentially strong value for investors.
• TBC Bank is a leading financial group in Georgia, under the parent company TBC PLC registered in England and Wales.

TBC Bank Group PLC (LON:TBCG - Get Free Report)'s share price shot up 1.5% during mid-day trading on Tuesday . The company traded as high as GBX 4,920 ($66.17) and last traded at GBX 4,892.25 ($65.80). 75,480 shares traded hands during trading, a decline of 66% from the average session volume of 220,338 shares. The stock had previously closed at GBX 4,820 ($64.83).

TBC Bank Group Stock Performance

The business's 50 day simple moving average is GBX 4,685.83 and its 200-day simple moving average is GBX 4,343.49. The stock has a market capitalization of £2.68 billion, a price-to-earnings ratio of 2.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07.

TBC Bank Group declared that its board has initiated a share repurchase plan on Friday, August 8th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

About TBC Bank Group

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.