Trade Report: The Brokerages Set Bank of Georgia Holdings PLC (BGEO) Target Price at $2,065.17

The Brokerages Set Bank of Georgia Holdings PLC (BGEO) Target Price at $2,065.17

Bank of Georgia Holdings PLC (LON:BGEO) has earned an average rating of “Buy” from the seven brokerages that are covering the firm. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 2,065.17 ($25.80).

A number of research firms have weighed in on BGEO. Numis Securities Ltd cut shares of Bank of Georgia Holdings PLC to an “add” rating and set a GBX 420 ($5.25) target price on the stock. in a research note on Wednesday, November 23rd. Peel Hunt upgraded shares of Bank of Georgia Holdings PLC to an “add” rating in a research note on Tuesday, November 22nd. Jefferies Group restated a “buy” rating and set a GBX 4,000 ($49.98) price target on shares of Bank of Georgia Holdings PLC in a research note on Tuesday, November 22nd. 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 on the stock. Finally, Panmure Gordon restated 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.

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