Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Bank of Georgia Group Plc ( (GB:BGEO) ) has shared an update.
Lion Finance Group PLC has announced a transaction involving the repurchase of 5,000 ordinary shares as part of its share buyback and cancellation program. This move is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value. The repurchased shares will be held in treasury until they are canceled, which will reduce the total number of shares with voting rights to 43,901,526. This action may influence shareholder calculations regarding their interest in the company under regulatory guidelines.
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 that operates primarily in the high-growth markets of Georgia and Armenia through its subsidiaries, Bank of Georgia and Ameriabank. The company focuses on providing banking and financial services, aiming to drive business growth, maintain high profitability, and generate strong returns while positively impacting the communities it serves.
Average Trading Volume: 73,534
Technical Sentiment Signal: Buy
Current Market Cap: £2.87B
Learn more about BGEO stock on TipRanks’ Stock Analysis page.