TBC Bank Group PLC (LON:TBCG)’s share price was down 0.6% on Thursday . The stock traded as low as GBX 1,252 ($16.36) and last traded at GBX 1,260 ($16.46), approximately 38,232 shares traded hands during mid-day trading. A decline of 14% from the average daily volume of 44,508 shares. The stock had previously closed at GBX 1,268 ($16.57).
A number of research analysts recently weighed in on TBCG shares. Peel Hunt reiterated a “buy” rating and set a GBX 2,015 ($26.33) price objective on shares of TBC Bank Group in a research note on Thursday, November 14th. Peel Hunt reissued a “buy” rating and issued a GBX 2,015 ($26.33) target price on shares of TBC Bank Group in a research note on Thursday, November 14th.
The company’s 50 day moving average price is GBX 1,282.32 and its two-hundred day moving average price is GBX 1,397.27.
TBC Bank Group PLC, through its subsidiaries, provides banking, leasing, brokerage, and card processing services to corporate and individual customers in Georgia. The company operates through Retail; Corporate; and Micro, Small and Medium Enterprises segments. It offers various current/settlement accounts, and term deposits; mortgage, consumer, retail, and corporate loans, as well as loans for micro, small, and medium enterprises; credit cards, credit lines, letters of credit, and guarantees; and money transfer and currency exchange services.
Further Reading: Momentum Indicators
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