TBC Bank Group (LON:TBCG) Shares Down 0.6%

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.

About TBC Bank Group (LON:TBCG)

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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