Today, Numis Securities Ltd Downgrade Bank of Georgia Holdings PLC (BGEO) to Add

Today, Numis Securities Ltd Downgrade Bank of Georgia Holdings PLC (BGEO) to Add

Bank of Georgia Holdings PLC (LON:BGEO) was downgraded by analysts at Numis Securities Ltd to an “add” rating in a research note issued to investors on Wednesday, StockTargetPrices.com reports. They presently have a GBX 420 ($5.25) target price on the stock. Numis Securities Ltd’s price objective would indicate a potential downside of 86.30% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Peel Hunt raised shares of Bank of Georgia Holdings PLC to an “add” rating in a research note on Tuesday. Jefferies Group reaffirmed a “buy” rating and set a GBX 395 ($4.94) price target on shares of Bank of Georgia Holdings PLC in a research note on Monday, August 15th. Berenberg Bank reaffirmed a “neutral” rating and set a GBX 2,960 ($36.98) price target on shares of Bank of Georgia Holdings PLC in a research note on Thursday, August 18th. Investec began coverage on shares of Bank of Georgia Holdings PLC in a research note on Wednesday, October 5th. They set a “buy” rating and a GBX 361 ($4.51) price target for the company. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,400 ($29.99) price target on shares of Bank of Georgia Holdings PLC in a research note on Thursday, August 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Bank of Georgia Holdings PLC presently has an average rating of “Buy” and an average price target of GBX 2,141.57 ($26.76).

Bank of Georgia Holdings PLC (LON:BGEO) opened at 3083.00 on Wednesday. The company has a 50-day moving average price of GBX 2,961.30 and a 200 day moving average price of GBX 2,761.95. The company’s market capitalization is GBX 1.18 billion. Bank of Georgia Holdings PLC has a 52-week low of GBX 1,538.00 and a 52-week high of GBX 3,191.00.

About Bank of Georgia Holdings PLC

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