Lion Finance Group (LON:BGEO) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Lion Finance Group PLC (LON:BGEO) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GEL 11,048.68 and traded as high as GEL 13,480.00. Lion Finance Group shares last traded at GEL 13,360.00, with a volume of 50,609 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on shares of Lion Finance Group from £139 to £141 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Lion Finance Group Stock Performance

The firm has a 50 day moving average price of GEL 11,997.31 and a two-hundred day moving average price of GEL 11,065.27. The company has a market cap of $578.21 billion, a P/E ratio of 2.61, a P/E/G ratio of 0.88 and a beta of 0.76.

Lion Finance Group (LON:BGEO) last announced its quarterly earnings data on Tuesday, August 11th. The company reported GEL 778.58 earnings per share (EPS) for the quarter. Lion Finance Group had a return on equity of 27.08% and a net margin of 35.77%. On average, sell-side analysts predict that Lion Finance Group PLC will post 1221.6828479 EPS for the current fiscal year.

About Lion Finance Group

Lion Finance Group PLC (formerly Bank of Georgia Group PLC) is a FTSE 100 holding company whose main subsidiaries provide banking and financial services in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks – Bank of Georgia in Georgia and Ameriabank in Armenia. By building on our competitive strengths, we are committed to driving business growth, sustaining high profitability, and generating strong returns, while creating opportunities for our stakeholders and making a positive contribution in the communities where we operate.