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Bank of Georgia Group Plc ( (GB:BGEO) ) just unveiled an update.
Lion Finance Group PLC announced a transaction involving the repurchase of 5,000 of its own shares on the London Stock Exchange as part of its ongoing share buyback and cancellation program. This move, facilitated by Cavendish Capital Markets Limited, aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, thus impacting voting rights and shareholding calculations.
The most recent analyst rating on (GB:BGEO) stock is a Buy with a £45.50 price target. To see the full list of analyst forecasts on Bank of Georgia Group Plc stock, see the GB:BGEO Stock Forecast page.
More about Bank of Georgia Group Plc
Lion Finance Group PLC is a FTSE 250 holding company with main subsidiaries providing banking and financial services in the high-growth markets of Georgia and Armenia. Through its leading customer-centric universal banks, Bank of Georgia and Ameriabank, the company focuses on driving business growth, sustaining high profitability, and generating strong returns while contributing positively to the communities it serves.
Average Trading Volume: 66,425
Technical Sentiment Signal: Buy
Current Market Cap: £2.92B
Learn more about BGEO stock on TipRanks’ Stock Analysis page.