Jefferies International Initiates Coverage on Bank of Georgia Holdings PLC (LON:BGEO). What May be Next?

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Why Has Jefferies International Given Bank of Georgia Holdings PLC (LON:BGEO) a GBX 2619.00 Price Target

Jefferies International revealed to investors in an analysts report that it have initiated coverage on Bank of Georgia Holdings PLC (LON:BGEO) stock, with Buy rating and a GBX 2619.00 target.

From a total of 11 analysts covering Bank of Georgia Holdings PLC (LON:BGEO) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 95.37 while the lowest target price is GBX 66.54. The mean of all analyst targets is GBX 84.02 with a 21.71% above today’s (GBX 1934) stock price. Bank of Georgia Holdings PLC was the topic of 9 analyst reports since August 20, 2015 according to the firm StockzIntelligence Inc. Peel Hunt maintained shares on December 7 with “Hold” rating. Panmure Gordon maintained BGEO stock in a recent report from November 9 with “Buy” rating. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on an October 9.

Approximately 67 shares of stock traded hands. Bgeo Group PLC (LON:BGEO) has risen 1.08% since May 22, 2015 and is uptrending. It has outperformed by 6.89% the S&P500.

Jefferies International Initiates Coverage on Bank of Georgia Holdings PLC (LON:BGEO). What May be Next?

Bank of Georgia Holdings PLC is a United Kingdom holding firm of JSC Bank of Georgia. The company has a market cap of 763.94 million GBP. The Bank’s banking business includes three divisions, such as Retail Banking, Corporate Banking and Investment Management. It has 9.11 P/E ratio. The Company’s other banking business includes P&C Insurance, leasing, payment services and Banking activities in Belarus (BNB).

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