Does Bgeo Group PLC Have Any Gas After Today’s Huge Increase?

 Does Bgeo Group PLC Have Any Gas After Today's Huge Increase?

The stock of Bgeo Group PLC (LON:BGEO) is a huge mover today! The stock decreased 1.11% or GBX 34.71 on November 23, hitting GBX 3100.29. About 60,561 shares traded hands or 22.84% up from the average. Bgeo Group PLC (LON:BGEO) has risen 45.00% since April 25, 2016 and is uptrending. It has outperformed by 39.68% the S&P500.
The move comes after 5 months positive chart setup for the GBX 1.21 billion company. It was reported on Nov, 23 by Barchart.com. We have GBX 3224.30 PT which if reached, will make LON:BGEO worth GBX 48.40 million more.

Bgeo Group PLC (LON:BGEO) Ratings Coverage

Out of 7 analysts covering Bank of Georgia Holdings PLC (LON:BGEO), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. GBX 4000 is the highest target while GBX 1960 is the lowest. The GBX 2765.14 average target is -10.81% below today’s (GBX 3100.29) stock price. Bank of Georgia Holdings PLC has been the topic of 27 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm has “Add” rating by Numis Securities given on Tuesday, May 24. The rating was maintained by Jefferies with “Buy” on Tuesday, November 22. Numis Securities maintained it with “Buy” rating and GBX 2669 target price in Tuesday, January 19 report. Peel Hunt downgraded the stock to “Hold” rating in Tuesday, August 16 report. The firm has “Buy” rating by Panmure Gordon given on Monday, November 9. The company was upgraded on Tuesday, February 16 by Peel Hunt. The firm earned “Neutral” rating on Wednesday, February 17 by UBS. The company was maintained on Monday, August 22 by Jefferies. The company was downgraded on Tuesday, May 24 by Peel Hunt. On Tuesday, May 24 the stock rating was maintained by Panmure Gordon with “Buy”.

More recent Bgeo Group PLC (LON:BGEO) news were published by: Fool.Co.Uk which released: “What Brexit? Rio Tinto plc, Petrofac Limited and BGEO Group plc couldn’t care less” on June 30, 2016. Also Businessinsider.com published the news titled: “UK Stocks-Factors to watch on Nov 22” on November 22, 2016. Businessinsider.com‘s news article titled: “UK Stocks-Factors to watch on Nov 21” with publication date: November 21, 2016 was also an interesting one.

BGEO Group PLC, formerly Bank of Georgia Holdings PLC, is a holding firm of JSC Bank of Georgia. The company has a market cap of 1.21 billion GBP. The Firm operates through the divisions, which include Banking Business and Investment Business. It has a 10.63 P/E ratio. The Company’s Banking business segment includes Retail Banking , Corporate Banking (CB), Investment Management (IM), and other banking businesses, such as Property & Casualty (P&C) Insurance, Leasing, Payment Services and Banking activities in Belarus (BNB).

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