Zacks Rating on Grupo Financiero Galicia S.A.

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As much as 3 analysts have advised buy on Grupo Financiero Galicia S.A. (NASDAQ:GGAL) with an average broker rating of 2.33. Research Analysts at Zacks has the counter a rating of 3, which implies that the firms recommendation is Neutral on the company. Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares are expected to touch $26.5 in the short term. This short term price target has been shared by 2 analysts. However, the standard deviation of short term price estimate has been valued at 19.09. The target price could hit $40 on the higher end and $13 on the lower end.

The company has received recommendation from many analysts. The shares has been rated as hold from 1 Wall Street Analysts. 2 analysts have suggested buy for the company. Underperform rating was given by 1 analyst.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) witnessed a decline in the market cap on Monday as its shares dropped 1.9% or 0.4 points. After the session commenced at $20.97, the stock reached the higher end at $21 while it hit a low of $20.43. With the volume soaring to 261,818 shares, the last trade was called at $20.61. The company has a 52-week high of $26.13. The company has a market cap of $2,100 million and there are 101,904,000 shares in outstanding. The 52-week low of the share price is $10.33.

Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Companys 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. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company wholly owned by the Bank, the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina. On April 15, 2014, Banco de Galicia y Buenos Aires SA sold a 95% stake in Galicia Administradora de Fondos to Grupo Financiero Galicia.

Posted by Chris Norman

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