Brokers bullish on Bank of Georgia shares

The Bank of Georgia (LON:BGEO) share price has risen by 10.9% over the past month and it’s currently trading at 1,404p. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Bank of Georgia currently has:

• 6 Buy recommendations

• 0 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

GET MORE DATA-DRIVEN INSIGHTS INTO LON:BGEO »

Researching beyond analyst forecasts

At its current price of 1,404p, shares in Bank of Georgia are trading at a discount of -17.2% to its 52 week high price. The 1-year performance of the shares has been 19.8%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Bank of Georgia it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Bank of Georgia that you can find out about here.