Lion Finance Group (LON:BGEO) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Lion Finance Group PLC (LON:BGEO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of 7,171.41 and traded as high as 7,750.00. Lion Finance Group shares last traded at 7,585.00, with a volume of 43,685 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. started coverage on Lion Finance Group in a research note on Tuesday, October 7th. They set an “overweight” rating and a GBX 9,200 target price for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Lion Finance Group has an average rating of “Buy”.

Lion Finance Group Trading Down 1.0%

The company has a market capitalization of $330.45 billion, a price-to-earnings ratio of 1.64, a P/E/G ratio of 0.88 and a beta of 1.05. The business’s 50 day moving average price is 7,607.73 and its two-hundred day moving average price is 7,171.41.

Lion Finance Group (LON:BGEO) last released its quarterly earnings data on Wednesday, August 20th. The company reported 317.91 earnings per share (EPS) for the quarter. Lion Finance Group had a net margin of 73.73% and a return on equity of 38.89%. Analysts expect that Lion Finance Group PLC will post 1221.6828479 EPS for the current year.

Insider Buying and Selling at Lion Finance Group

In other news, insider Andrew McIntyre purchased 297 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was bought at an average cost of 7,515.00 per share, for a total transaction of 2,231,955.00. Also, insider Karine Hirn acquired 1,350 shares of Lion Finance Group stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average price of 7,500.00 per share, for a total transaction of 10,125,000.00. 8.69% of the stock is currently owned by corporate insiders.

About Lion Finance Group

Lion Finance Group PLC (formerly Bank of Georgia Group PLC) is a FTSE 250 holding company whose main subsidiaries provide banking and financial services focused in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks – Bank of Georgia in Georgia and Ameriabank in Armenia.