Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was downgraded by RBC Capital from a “sector perform” rating to an “underperform” rating in a research note issued on Thursday, AnalystRatingsNetwork.com reports.

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) traded up 3.50% during mid-day trading on Thursday, hitting $5.62. Grupo Financiero Galicia S.A. has a one year low of $4.50 and a one year high of $7.26. The stock’s 50-day moving average is currently $5.36. The company has a market cap of $697.7 million and a P/E ratio of 2.35.

GGAL has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Grupo Financiero Galicia S.A. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 9th. They now have a $6.20 price target on the stock. Analysts at JPMorgan Cazenove reiterated a “neutral” rating on shares of Grupo Financiero Galicia S.A. in a research note to investors on Friday, May 24th.

Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company.

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