Jun
11
Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by stock analysts at JPMorgan Chase Co. to an “underweight” rating in a report issued on Wednesday.
Grupo Financiero Galicia (NASDAQ:GGAL) traded down 8.04% on Wednesday, hitting $13.84. 1,624,732 shares of the company’s stock traded hands. Grupo Financiero Galicia has a 52 week low of $4.96 and a 52 week high of $15.33. The stock’s 50-day moving average is $13.39 and its 200-day moving average is $11.31. The company has a market cap of $1.800 billion and a price-to-earnings ratio of 6.62.
Grupo Financiero Galicia (NASDAQ:GGAL) last announced its earnings results on Tuesday, May 20th. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.21. Analysts expect that Grupo Financiero Galicia will post $2.15 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Grupo Financiero Galicia from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 20th. They now have a $14.90 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Grupo Financiero Galicia to a “sector perform” rating in a research note on Thursday, May 1st.
Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company.
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