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Zacks reaffirmed their strong-buy rating on shares of Grupo Financiero Galicia (NASDAQ:GGAL) in a research note issued to investors on Friday. The firm currently has a $26.40 price target on the stock.
Zacks’ analyst wrote, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia. “
Zacks has also updated their ratings on a number of other financials stocks in the last week. The firm reiterated its buy rating on shares of Dynegy Inc.. They have a $37.00 price target on that stock. Also, Zacks downgraded shares of Cheniere Energy Partners LP from a strong-buy rating to a buy rating. Their analysts now have a $34.00 price target on that stock. Finally, Zacks upgraded shares of Bank of Nova Scotia from a sell rating to a hold rating.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded down 1.45% on Friday, hitting $21.72. The stock had a trading volume of 195,957 shares. Grupo Financiero Galicia has a 52-week low of $10.33 and a 52-week high of $26.13. The stock’s 50-day moving average is $23. and its 200-day moving average is $18.. The company has a market cap of $2.82 billion and a price-to-earnings ratio of 7.51.
Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.18. Analysts expect that Grupo Financiero Galicia will post $2.63 EPS for the current fiscal year.
Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company. Banco de Galicia y Buenos Aires SA (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals.
To get a free copy of the research report on Grupo Financiero Galicia (GGAL), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
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