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The latest update is out from Bank of Georgia Group Plc ( (GB:BGEO) ).
Lion Finance Group PLC announced a transaction involving the repurchase of 5,000 ordinary shares as part of its ongoing share buyback and cancellation program. This move, facilitated by Cavendish Capital Markets Limited, reflects the company’s strategic efforts to manage its capital structure and enhance shareholder value. The repurchased shares are set to be canceled, affecting the total number of shares with voting rights, which could impact shareholder calculations 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 with primary subsidiaries that provide banking and financial services in the high-growth markets of Georgia and Armenia. The company operates through leading universal banks, Bank of Georgia and Ameriabank, focusing on customer-centric services to drive business growth, maintain high profitability, and create opportunities for stakeholders while contributing positively to the communities they serve.
Average Trading Volume: 69,896
Technical Sentiment Signal: Buy
Current Market Cap: £2.95B
For a thorough assessment of BGEO stock, go to TipRanks’ Stock Analysis page.